On 03-11-2023, Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded the contract for Development of Distribution Infrastructure at Jalna Circle under Aurangabad Zone of MSEDCL, Maharashtra under the Reforms-Based and Results-linked, Revamped Distribution sector Scheme for Loss Reduction works to RMC Switchgears Limited JV by M/s. Continental Petroleums Limited. The contract, valued at INR 1222.5 million including GST, involves comprehensive work including supply of plant, installation, and civil works, to facilitate loss reduction through infrastructure development within the Jalna Circle. This contract signifies a material event and hence is being disclosed to comply with BSE's listing obligations and disclosure requirements.