The total value of the order is Rs 5,42,13,600, with a scheduled completion date of 22 July 2025.
RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.
On a full-year basis, the company's consolidated net profit jumped 26.8% to Rs 14.89 crore in FY24 as against Rs 11.74 crore posted in FY23. Revenue from operations surged 37.8% to Rs 172.63 crore in FY24 as compared to Rs 125.27 crore recorded in FY23.
The scrip declined 4.74% to end at Rs 1,061.40 on Monday, 23 December 2024.