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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.

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%.

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 […]

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.