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Saatvik Forays into IPP Segment, to Buy 49% Stake in Intelligent Hydel
Saatvik Cleantech EPC, a wholly owned subsidiary of Haryana-based solar module manufacturer Saatvik Green Energy, has entered into a share purchase agreement to acquire a 49% stake in Intelligent Hydel Solutions, which is setting up a 41 MW solar project in Maharashtra. Saatvik Cleantech EPC invested ₹1 million (~$11,038) by acquiring 100,000 equity shares of IHSPL, each with a face value of ₹10 (~$0.110). Saatvik will complete the transaction at an acquisition cost of ₹13.06 million (~$144,145). IHSPL has entered into a power purchase agreement with Maharashtra State Electricity Distribution Company to set up a 41 MW solar project. Saatvik Cleantech intends to execute the project jointly with RMC Switchgears. Saatvik said the acquisition is part of its expansion into the independent power producer segment.
cityfalcon.com
RMC Switchgears sees over 110% Year-on-Year Growth in H1 Sales for FY 2025-26, driven by strong Solar EPC performance
Jaipur (Rajasthan) [India], October 13: RMC Switchgears Limited announced its unaudited sales for the first half of the financial year 2025-26 (April to September) at ₹221 crore, compared with ₹105 crore in the corresponding period of FY2024-25, representing a year-on-year growth of over 110%.
cityfalcon.com
Solar Growth and Market Transition: RMC Switchgears Shares Key Project and Listing Updates
JAIPUR, India, Sept. 23, 2025 /PRNewswire/ — RMC Switchgears Limited (BSE: RMC) today shared an update on three key developments — progress on its 1 GW Solar Module Manufacturing Plant in Jaipur, the award of a significant ₹59.12 crore order under the Revamped Distribution Sector Scheme (RDSS), and the status of its migration to the […]
cityfalcon.com
From ₹13 to ₹775: Multibagger small-cap stock turns ₹1 lakh into ₹60 lakh in 5 years. Do you own?
RMC Switchgears, a small-cap stock, has seen a remarkable rise of 3,211% in three years and 5,700% in five years, despite recent market volatility. The company has expanded into renewable energy and has secured a significant order from the Government of Rajasthan for rooftop solar systems.
cityfalcon.com

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