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RMC Switchgears is currently trading at upper limit of Rs. 807.55, up by 38.45 points or 5.00% from its previous closing of Rs. 769.10 on the BSE.

The scrip opened at Rs. 807.55 and has touched a high and low of Rs. 807.55 and Rs. 807.55 respectively. So far 7375 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1033.95 on 23-Aug-2024 and a 52 week low of Rs. 379.05 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 807.55 and Rs. 691.10 respectively. The current market cap of the company is Rs. 832.45 crore.

The promoters holding in the company stood at 52.93%, while Institutions and Non-Institutions held 4.29% and 42.78% respectively.

RMC Switchgears has signed Memorandum of Understanding (MoU) with the Government of Rajasthan to establish the state's first-of-its-kind 1000 MW Ultra Mega Solar Park with integrated battery storage. This groundbreaking project, located in Jaipur, marks a major milestone in the company's strategic expansion into renewable energy and will play a key role in achieving the company's growth objectives.

This project will take 2-3 years to execute and will play a part in meeting the company's target of implementing around 1 GW greenfield projects, with a blend of EPC & IPP arrangements, but also serves as a significant contributor towards the Vision 2030 goal of becoming a Rs 5,000 crore enterprise. Once fully implemented, this enabling MoU will help the company meet its 1 GW milestone, highlighting the company's capability and commitment to executing large-scale renewable energy projects, which aligns snugly with India's ambitious green energy goals.

RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.