RMC Switchgears’ 1 GW Solar Module Plant in Jaipur to be Commissioned in Q4 FY25

Jaipur-based RMC Switchgears has announced that the company’s upcoming 1 GW solar module plant in Jaipur, with an investment of INR 100 crore, is expected to be commissioned in Q4 FY25.

While the initial plan targeted an operational launch in October 2025, unavoidable delays have necessitated an adjustment to the original schedule, said the company in a statement.

“Despite these challenges, RMC has proactively secured the required funding for the project through a combination of internal accruals and debt from SIDBI. This robust financial backing has enabled the company to commence the early stages of project execution,” it said.

To ensure a smooth transition into full-scale operations, RMC has strengthened its team by recruiting key personnel to oversee and manage plant operations. The company has also placed orders for the essential capital equipment, with delivery, installation, and commissioning processes proceeding according to the revised timeline.

The facility is expected to provide a strong backward integration for RMC's growing EPC business. Once operational, it will not only reduce procurement risks but also enhance pricing competitiveness in government tenders and private sector opportunities, supported by the benefits of the Rajasthan Investment Promotion Scheme (RIPS) 2024. With these advantages, RMC expects the plant to be operational at full scale by FY26, thereby strengthening its ability to deliver cost-efficient and reliable solar EPC projects, the company stated.

Commenting on the development, Ankit Agrawal, Whole-time Director and CEO of RMC Switchgears, said, “Our progress on the 1 GW solar module manufacturing plant in Jaipur is not merely an operational milestone; it represents a strategic pillar in our efforts to build an integrated solar value chain. With funding secured from SIDBI and the added pricing advantages available under Rajasthan's RIPS 2024 scheme, we are confident this plant will ensure cost efficiency, strengthen our EPC business, and align with India's renewable energy ambitions. This backward integration is designed to provide a reliable supply chain for our projects while positioning us as a meaningful contributor to the 'Make in India' initiative in the solar sector.”

In another development, the company has received a Letter of Intent from Jaipur Vidyut Vitran Nigam (JVVNL) for a contract valued at INR 59.12 crore under the Revamped Distribution Sector Scheme (RDSS). The scope of work includes the development of distribution infrastructure for segregation of 11 KV mixed feeders at Tonk Circle in Rajasthan, to be executed on a turnkey basis.

“This contract for feeder segregation in Tonk Circle reflects our execution strength in distribution infrastructure and complements our presence in the renewable EPC domain. Together, these initiatives demonstrate our ability to balance backward integration with forward execution, reinforcing our role in building resilient and modern power systems,” asserted Agrawal.