M AND B Switchgears Ltd .said it had signed Agreements or Letter of Commitmenet with Government of Madhya Pradesh to set up 99.25 MW Solar Power Plants at various locations in State of Madhya Pradesh. These Solar Power Plants will be under REC mechanism.
These agreement(s) (Letter of commitment), signed in Global Investor Summit at Indore, are subject to various conditions and process as mentioned in RFP dated September 20, 2012 issued by the government.
At the BSE, M and B Switchgears shares are currently trading at Rs.165.10, down 2.31 percent from the previous close.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.