The contract involves the design, manufacture, supply, transportation, installation, testing and commissioning of off-grid DC solar photovoltaic water pumping systems of 3 HP, 5 HP and 7.5 HP capacities at identified farmers' sites across Maharashtra.

The scope of work also includes a five-year comprehensive warranty, repair and maintenance services, and a remote monitoring system (RMS), the company said in a regulatory filing.

The contract has been awarded by a domestic entity and will be executed over a period of five years.

RMC Switchgears clarified that neither its promoters nor promoter group companies have any interest in the awarding authority. It also said the contract does not constitute a related-party transaction.

RMC Switchgears is primarily engaged in the business of Switchgear Engineering', ECI contracts for power distribution/ transmission sector'.

The company's consolidated net profit fell 5.9% to Rs 9.27 crore, while net sales declined 13.7% to Rs 142.94 crore in Q4 FY26 compared with Q4 FY25.

The scrip fell 1.56% to Rs 293 on the BSE.