Key Highlights
- RMC Switchgears secured 12 Letters of Acceptance from PGVCL worth approximately ₹333.80 crore.
- Projects involve conversion of existing 11 kV HT and LT overhead lines into underground cable networks.
- Scope includes survey, engineering, procurement, supply, installation, testing and commissioning.
- Contracts also cover GIS Mapping, Geo Urja Mapping and asset tagging under the SI Scheme.
- Projects are spread across Bhavnagar, Jamnagar and Junagadh circles in Gujarat.
- Execution timeline ranges from 12 to 18 months after a 45-day commencement period.
- Company confirmed the contracts are domestic and not related-party transactions.
RMC Switchgears Limited has secured 12 Letters of Acceptance (LoAs) from Paschim Gujarat Vij Company Limited (PGVCL) with a combined contract value of approximately ₹333.80 crore. The orders relate to turnkey projects for the conversion of existing overhead electricity distribution networks into underground cable systems across multiple locations in Gujarat.
According to the company’s regulatory filing, the contracts cover site survey, design, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery, handling, storage, installation, testing and commissioning. The scope also includes documentation, GIS Mapping, Geo Urja Mapping developed by GUVNL, and asset tagging under the SI Scheme.
The projects involve the conversion of existing 11 kV high-tension (HT) and low-tension (LT) line networks, including consumer service lines, into underground cable networks across several subdivisions in the Bhavnagar, Jamnagar and Junagadh circles of Gujarat.
The 12 contracts cover Packages 19, 21, 22, 23, 24, 25, 26, 34, 37, 40, 45 and 46. Individual contract values range from approximately ₹13.72 crore to ₹41.23 crore.
As disclosed by the company, some packages will be completed within 12 months, while others have an execution timeline of 18 months after a commencement period of 45 days for contractual purposes.
RMC Switchgears stated that the contracts have been awarded by a domestic entity and do not constitute related-party transactions. The company also confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity.
The aggregate value of the 12 LoAs stands at around ₹333.80 crore, making it one of the company’s significant order wins in the power distribution infrastructure segment.
