RMC Switchgears has announced major updates on three fronts: progress on its 1 GW Solar Module Manufacturing Plant in Jaipur, the award of a significant order under the Revamped Distribution Sector Scheme (RDSS), and its plans for migration to the BSE Main Board.
The company reported steady advancement on its ambitious ₹100 crore solar manufacturing facility in Jaipur, which is designed to expand RMC’s footprint in the renewable energy sector. Originally targeted for launch in October 2025, the project timeline has been revised to the fourth quarter of the current financial year due to unavoidable delays. Despite this, RMC has secured the full funding required through internal accruals and debt assistance from SIDBI. Orders for critical capital equipment have already been placed, while a team of skilled personnel has been brought on board to oversee operations.
The plant is expected to provide strong backward integration for RMC’s EPC business, reducing procurement risks and improving price competitiveness in both government tenders and private projects. Backed by the Rajasthan Investment Promotion Scheme (RIPS) 2024, the facility is slated to reach full-scale operations by FY26.
In a parallel development, RMC received a Letter of Intent from Jaipur Vidyut Vitran Nigam Ltd. (JVVNL) for a ₹59.12 crore project under the RDSS. The contract involves feeder segregation at Tonk Circle in Rajasthan, which will be executed on a turnkey basis. The company highlighted this order as evidence of its strong execution capabilities in large-scale distribution infrastructure projects, reinforcing its dual focus on renewable energy EPC and power distribution initiatives across India.
On the corporate front, RMC has confirmed that its application for migration to the BSE Main Board is complete and awaiting final confirmation from the exchange following recent changes in eligibility norms. The management emphasised that the transition is a crucial step towards improving market visibility, enhancing liquidity, and opening access to a wider pool of institutional investors.
Commenting on the developments, Ankit Agrawal, Whole-time Director and CEO of RMC Switchgears, described the solar manufacturing facility as a “strategic pillar” in building an integrated solar value chain. He highlighted that securing funding from SIDBI and leveraging incentives under RIPS 2024 would strengthen the company’s EPC business and align with India’s renewable energy ambitions. Agrawal also underscored the significance of the RDSS order, noting that it demonstrates RMC’s ability to balance backward integration with forward execution in building modern power systems.
He further added that the planned migration to the BSE Main Board would enhance transparency, improve governance, and deepen investor engagement. Beyond solar and distribution, RMC continues to diversify its portfolio with initiatives in smart water management through Intelligent Hydel Solutions and modernisation of the power sector under various government schemes. These combined efforts, the company said, reflect its commitment to becoming a dynamic and future-ready enterprise within India’s critical energy and utility sectors.
