RMC Switchgears announced that its subsidiary RMC Green Energy has secured approval from Rajasthan Renewable Energy Corporation to set up a 50 MW Renewable Energy Park in Rajasthan under the Rajasthan Renewable Energy Policy 2023.

In an exchange filing, RMC Switchgears said, “The company is pleased to inform that RMC Green Energy Pvt Ltd, a subsidiary of RMC Switchgears Limited, has secured approval from the Rajasthan Renewable Energy Corporation to establish a 50 MW Renewable Energy Park in Rajasthan under the Rajasthan Renewable Energy Policy 2023.”

RMC Switchgears is actively pursuing additional tenders exceeding 600 MWp and is engaging with both public and private sector entities to achieve the ambitious goal of securing 1 GWp in EPC contracts over the next 18 months, the company said.

"This approval marks a pivotal step in our journey as we transition into a renewable energy company, with solar plants as IPPs and EPC contracts for solar as our primary focus. Establishing its first 50 MW Renewable Energy Park is a testament to our commitment to participating in the strategic fossil energy substitution within India,” said Ankit Agrawal, CEO and whole-time director of RMC Switchgears.