RMC Switchgears Receives ₹14.98 Crore Solar Pump Order From MSEDCL; Shares Fall 2.88%

Mumbai September, 08: RMC Switchgears Limited has received a ₹14.98 crore Letter of Award from Maharashtra State Electricity Distribution Company Limited for the design, manufacture, supply and installation of off-grid solar photovoltaic water pumping systems across Maharashtra.

As per the regulatory filing, the Letter of Award covers the design, manufacture, supply, transport, installation, testing and commissioning of off-grid DC solar photovoltaic water pumping systems.

The order covers 3 HP, 5 HP and 7.5 HP capacity systems for identified farmer sites across Maharashtra. RMC Switchgears will also provide complete system warranty, repair and maintenance services and a Remote Monitoring System for a period of five years.

The project is being executed under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B Scheme, a programme aimed at expanding access to solar-powered irrigation for farmers.

The company said the contract will strengthen its order book and is expected to contribute positively to revenue and growth prospects.

Stock Market Snapshot

The RMC Switchgears share price was trading at ₹226.60, down ₹6.71 or 2.88%, as of 10:46:04 AM IST on September 8, 2026, according to the market data shown.

The stock opened around ₹232.00 and initially moved higher, touching a session high of ₹238.00. It subsequently lost ground through the morning and slipped to ₹226.60 at the latest available timestamp.

The stock was therefore trading below its previous closing level of ₹233.31 despite the company’s disclosure of the fresh MSEDCL contract.

Five-Year Contract Covers Solar Pumps And Maintenance

The MSEDCL engagement has a five-year execution period, according to the filing. RMC Switchgears’ responsibilities extend beyond the initial supply and installation of the solar pumping systems.

The company will undertake installation and commissioning along with system warranty, repair and maintenance. Remote monitoring services are also included for the five-year period.

The combination of equipment supply and long-term maintenance gives the project an operating component beyond the initial deployment of the solar pumps. The systems will be installed at identified farmer sites across the state.

RMC Switchgears Expands Renewable Energy Order Book

The latest contract adds to RMC Switchgears’ business in solar-powered infrastructure and strengthens its exposure to government-backed renewable energy programmes.

The company operates in electrical infrastructure and related manufacturing activities, while its project portfolio also includes solutions connected with power distribution and renewable energy.

The MSEDCL order provides an opportunity to deploy solar pumping systems at multiple locations across Maharashtra, with the five-year maintenance commitment extending the company’s involvement after installation.

Conclusion

RMC Switchgears has received a ₹14.98 crore Letter of Award from MSEDCL for off-grid solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B Scheme.

The project covers 3 HP, 5 HP and 7.5 HP solar pumping systems and includes design, manufacturing, supply, installation, testing and commissioning. RMC Switchgears will also provide warranty, repair, maintenance and remote monitoring services for five years.

On the market front, the RMC Switchgears share price stood at ₹226.60 as of 10:46:04 AM IST on September 8, 2026, down 2.88% from the previous close of ₹233.31.

Source:

• https://www.nseindia.com/get-quote/equity/RMC/RMC-Switchgears-Limited
• https://nsearchives.nseindia.com/corporate/RMC_08092026100232_08092026.pdf