RMC Switchgears Secures INR 320 Crore LoA for 50 MW Rooftop Solar Projects in Rajasthan
Jaipur-based RMC Switchgears has secured an INR 320 crore contract from the Rajasthan government to install rooftop solar systems with a cumulative capacity of 50 MW across state government buildings in Jaipur and Dausa, along with 25 years of O&M support.
March 17, 2025. By Mrinmoy Dey
Under this contract, RMC will be responsible for the design, supply, erection, and commissioning of rooftop solar projects on state government and government undertaking buildings in Jaipur and Dausa. The project will be executed under the Hybrid Annuity Mode (HAM), ensuring long-term financial sustainability.
Additionally, RMC will oversee the operation and maintenance (O&M) of the solar installations for the next 25 years from the date of commissioning.
This order represents a one-time revenue opportunity of INR 229 crore and recurring revenue of INR 91 crore over the next 25 years against O&M which establishes a steady long-term income stream for RMC through O&M services over the project’s lifecycle.
Commenting on the development, Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Ltd., said, “This LoA marks a significant step in RMC's journey towards expanding its Solar EPC footprint and supporting Rajasthan's ambitious clean energy transition. With the state committed to powering all government and public sector buildings with solar energy, this project underscores our ability to deliver large-scale, sustainable solutions.”
He further asserted, “It also reinforces the strategic rationale behind our investment in solar module manufacturing, ensuring better execution efficiency and long-term value creation. As we continue to scale our renewable energy portfolio, this project brings us closer to realising our 'Vision 2030' goals while contributing meaningfully to India's renewable energy objectives.”
In its push for renewable energy, Rajasthan has set a vision to power all state governments and buildings that use solar energy. By securing this order, RMC is well-positioned to capitalise on this vast opportunity, providing sustainable energy solutions while contributing to India's renewable energy targets.
This project aligns with RMC's long-term strategy of expanding its solar EPC and IPP footprint, strengthening its presence in the country's evolving clean energy sector.
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