RMC Switchgears Limited has announced plans to establish a Solar Module Manufacturing Plant in Badodiya Village, Chaksu Tehsil, Jaipur, Rajasthan. The plant will have an annual production capacity of 1 GWp/annum, and it will also include a Solar Module Mounting Structure manufacturing plant of the same capacity.
The RMC will situate the plant next to its existing operating facility with smooth and efficient integration. RMC will be funding the capital expenditure for the project through a mix of internal accruals, equity, and debt, with disciplined financial management. The two plants will be operational by July 2025, and commercial revenues will start in August 2025.
Also read: RMC Green Energy Pvt ltd. receives approval for the establishment of a Renewable Energy Park in Rajasthan
RMC Green Energy Pvt. Ltd., a subsidiary of RMC Switchgears, will implement the project. In this deal, RMC will increase its holding in RMC Green Energy from 51% to nearly 100%, thus making the latter a wholly owned subsidiary. This strategic move would enhance operational control over the project and help RMC attain the goal of developing a whole solar ecosystem.
Backward Integration to Improve Efficiency
This expansion marks an important step in RMC’s backward integration strategy. By manufacturing solar modules and mounting structures in-house, RMC will reduce reliance on external suppliers, ensuring better cost efficiency, timely execution, and improved supply chain reliability for its ongoing and future Solar EPC and IPP projects. In addition to meeting the company’s internal needs, strong market demand will bolster both top and bottom lines in FY 2026.
Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, commented, “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.”
He added, “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.”
Also read: ReNew Commissions 750 MW Solar Project in Rajasthan
The move directly aligns with the company’s vision of 2030 and envisions it to grow into a ₹5000 crore major while meeting the renewable power objectives for the nation. The group will improve its ability to perform large-scale EPC on Solar projects proficiently and enhance its stature in the renewable energy context, entrenching well in the business arena.
