RMC Switchgears Limited Wins ₹201 Crore Solar Project in MH

RMC Switchgears Limited Wins ₹201 Crore Solar Project in MH

RMC Switchgears Limited has bagged an order as part of a consortium for solarization of agricultural feeders in Maharashtra. The bid was made through competitive e-reverse auction. This project is located in Ahmednagar district of Maharashtra.

It will operate three separate (EPC) Engineering, Procurement and Construction contracts with operations and maintenance for three years. The order value of the contracts in aggregate is ₹201 crores which includes GST.

RMC Switchgears is an electrical infrastructure solutions company which has recently expanded its focus to include renewable energy initiatives, particularly in solar and green energy EPC and IPP solutions, as part of its broader strategy to create value
from India’s clean energy transition.

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The company has also set high targets of its future in the renewable energy sector. RMC Switchgears is aggressively chasing more tenders for projects of more than 500 MWp. It aims to garner renewable energy of up to 1 GWp as it involves public and private sector entities.

RMC Switchgears Limited is collaborating with installation and commissioning teams across various states using its in-house talent of designers and supervisors.

The company joins a host of other firms that have seen an uptick in orders thanks to the increasing momentum in PMKUSUM scheme allotments. With over 200,000 pump allocations done, the scheme is finally moving beyond its off grid component or Component B, to add more capacity under Component C (grid connected pumps) and Component A (ground mounted solar plants on land owned by farmers).

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The rising tide of orders means that the only possible obstacle in the way of faster growth remains the availability of DCR modules (especially for Component A and B) which are subsidised by the government, and continued low rates overall in the solar module space. Any significant rise in rates could prove a serious challenge going ahead for the scheme yet again.