Investment reinforces RMC commitments to innovation
RMC Switchgears Limited is exploiting its manufacturing strengths by establishing a Rs.100 crore one GWp per annum capacity Solar Module Mounting Structure plant at Badodiya Village, Chaksu Tehsil in Jaipur.
The ambitious project reflects RMC’s commitment to strengthening its renewable energy capabilities and driving sustainable growth.
“This Solar Module & Module Mounting Structure Manufacturing Plants is a strategic backward integration for RMC, enabling us to reduce external dependencies and strengthen our ability to deliver Solar EPC and IPP projects seamlessly,” said Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited.
“By leveraging RMC Green Energy, we are not only supporting our current pipeline but also creating opportunities for commercial sales, positioning RMC as a significant player in the solar module market.
“This investment reinforces our commitment to innovation, sustainability, and delivering long-term value for our stakeholders. The addition to these lines will add the maximum products in our range such as EPC – Both Solar and Transmission, Modules, Structures, Solar Electrical Panels and Distribution Boxes, etc.”
The facility, on land adjoining the company’s current operational plant, will ensuring seamless integration and operational efficiency https://www.investindia.gov.in/.
The project’s CAPEX will be financed through a prudent mix of internal accruals, equity, and debt, underscoring RMC’s disciplined financial strategy https://www.nseindia.com/.
Both Plants are expected to be operational by July 2025, and commercial revenues are expected from August 2025.
The project will be executed through RMC Green Energy Pvt. Ltd., a key subsidiary of RMC Switchgears Limited. To facilitate this, RMC will increase its ownership in RMC Green Energy from 51% to nearly 100%, making it a wholly owned subsidiary through equity infusion and buying the shares on Fresh Issue by the subsidiary. This strategic move will enhance operational control and strengthen RMC’s vision of creating a comprehensive solar ecosystem https://www.bseindia.com/.
As RMC actively explores new opportunities in Solar EPC and IPP projects, this expansion marks a crucial step toward backward integration.
The Solar Module Manufacturing Plant will reduce RMC’s dependency on external suppliers by catering to the internal requirements of ongoing and future projects. This integration will enhance cost efficiencies, ensure timely execution, and improve supply chain reliability.
Apart from the captive consumption of these products, the strong demand in the market will ensure a strong top line and bottom line for the company in FY 26 https://sbi.com.in/.
This initiative aligns with RMC’s Vision 2030 of becoming a Rs.5,000 crore enterprise while supporting India’s ambitious renewable energy targets. The plant will contribute to RMC’s ability to execute large-scale Solar EPC projects efficiently and solidify its presence in the renewable energy ecosystem. RMC Switchgears is a leading player in the electrical infrastructure solutions sector, specialising in the manufacturing of electrical enclosures that prevent electrical theft and enhance safety by preventing electrocution. Fiinews.com
