India's RMC Switchgears rises on solar pump order win
08/07/2026 09:32
BUZZ-India's RMC Switchgears rises on solar pump order win ** Shares of India's RMC Switchgears RMCW.NS rise 3.09% to 306.80 rupees
** Stock on track to snap three sessions of losses, if gains hold
** The electrical components and equipment maker receives a contract worth 236.4 million rupees ($2.48 million) from Maharashtra State Electricity Distribution Co (MSEDCL)
** Order for design, supply, installation, testing and commissioning of off-grid solar water pumping systems under a government scheme
** Company says order is expected to strengthen its order book and support revenue growth
** RMC stock down 18.88% since its debut on April 1
($1 = 95.2550 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on RMC Switchgears
See all newsBrief: Rmc Switchgears Approves Fundraise Of Up To 300 Million Rupees Via Rights Issue
Brief: RMC Switchgears Gets LoA For Order Worth 149.9 Million Rupees
Brief: RMC Switchgears To Buy 51% Stake In RMC Nextgen Systems LLP
Brief: RMC Switchgears Receives LoA Worth 18.9 Million Rupees From Anand Transformers For Turnkey Contract
Brief: RMC Switchgears Says Got Order Worth 24.4 Million Rupees