RMC Switchgears to establish renewable energy park in Rajasthan

Shares of RMC Switchgears Ltd opened higher at ₹937.90 on Wednesday, hitting a 5% upper circuit limit from the previous close. This surge followed the company’s announcement that its subsidiary, RMC Green Energy Pvt Ltd, received approval from the Rajasthan Renewable Energy Corporation to establish a 50 MW Renewable Energy Park in Rajasthan.