5,000 per cent returns and Rs 305 crore order book: This multibagger electric company bags new order worth Rs 112.25 crore!

Shares of this company have gained more than 190 per cent in the last six months.

RMC Switchgears Limited informed in the exchange filing that the company has been awarded a contract worth Rs. 122.25 crore by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the development of distribution infrastructure at Jalna Circle, Maharashtra. The contract involves the supply of plant, installation, and civil works to facilitate loss reduction through infrastructure development.

Recently, the company received an order to supply and install a plant in Satara Circle, Maharashtra, under RDSS. The order is worth Rs. 112.83 cores and covers design, engineering, manufacture, testing, transportation, insurance, and other incidental services.

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Furthermore, the company recently entered into a Memorandum of Understanding (MoU) with Radius Synergies International Private Limited. The primary aim of the collaboration is to foster knowledge sharing and capacity building in the Electricity Distribution and Energy Sector.

RMC Switchgears Limited has delivered multibagger returns to its shareholders in the last one year. During this period, shares of RMC Switchgears surged from Rs 200.50 on November 07, 2022, to Rs 599.10 on November 05, 2023, an increase of about 190 per cent in the one-year holding period. While in the last three years, the stock has gained over 5,500 per cent

RMC Switchgears is primarily engaged in the business of designing and manufacturing enclosures of energy meters, LT/HT distribution boxes and panels, junction boxes, feeder pillars and other power distribution and circuit protection switchgear. The company has an order book of Rs 305.66 crore.

Disclaimer: The article is for informational purposes only and not investment advice.