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        PTI News

        RMC Switchgears Reports 112% YoY Revenue & >97% PAT Growth in H1 FY26; Strengthens Position in Solar, T&D, and Smart Infrastructure

        November 19, 2025

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        RMC Switchgears aligns plant expansion with SIDBI funding, PLI/ALMM incentives, and a project based SPV governance model. RMC describes phased implementation of a 1 GW solar module plant after securing SIDBI funding, aligning expansion with PLI and ALMM policy incentives and market demand. The company employs a project based SPV model to enable operational flexibility, financial transparency and pursuit of large EPC contracts while managing project and working capital risk; process standardisation and supply chain integration are cited as compliance and execution controls.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

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        <h1>RMC Switchgears aligns plant expansion with SIDBI funding, PLI/ALMM incentives, and a project based SPV governance model.</h1> RMC describes phased implementation of a 1 GW solar module plant after securing SIDBI funding, aligning expansion with PLI and ALMM policy incentives and market demand. The company employs a project based SPV model to enable operational flexibility, financial transparency and pursuit of large EPC contracts while managing project and working capital risk; process standardisation and supply chain integration are cited as compliance and execution controls.

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