Oswal Pumps (OSWALPUMPS) Secures ₹442 Cr Solar Pump Order
Big news from the industrial sector! Oswal Pumps Limited (NSE: OSWALPUMPS), a name synonymous with quality pumps, has just announced a significant order win that’s set to power up agricultural communities and boost India’s renewable energy goals. The company’s shares were last traded at ₹807.5, reflecting a 4.9% dip before market close.
Oswal Pumps has secured a massive Letter of Empanelment/Letter of Award from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This isn’t just any order; it’s for a whopping 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), valued at approximately ₹442 Crore (including GST)! 💰
This ambitious project falls under the PM Kusum B Scheme, famously known as the “Magel Tyala Saur Krishi Pump" Yojna, which aims to provide solar-powered irrigation solutions to farmers. Oswal Pumps will be responsible for the entire lifecycle of these systems, including design, manufacturing, supply, transport, installation, testing, and commissioning. These solar pumps, available in 3HP, 5HP, and 7.5HP capacities, will be installed at identified farmer sites across various districts in Maharashtra.
But it doesn’t stop there! The contract also includes a comprehensive 5-year warranty, along with repair, maintenance, and a Remote Monitoring System (RMS) to ensure smooth operation for years to come. The Letter of Award is valid for one year, with installations targeted for completion within 60 days from the issuance of the work order or relevant approvals.
Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed immense pride in this achievement. He highlighted that this milestone isn’t just about winning a project; it’s about delivering large-scale, high-impact solutions that directly benefit the farming community. By providing reliable, energy-efficient, and environmentally friendly pumping systems, Oswal Pumps is helping reduce farmers’ dependency on conventional power sources, lowering operating costs, and ensuring sustainable irrigation. 🌱
This order further strengthens Oswal Pumps’ already robust order book and reaffirms its leadership in the solar pumping sector. The company, with over two decades in pump engineering, is a vertically integrated solar pump manufacturer, known for its turnkey solar pumping systems and a strong presence across various pump and motor categories. With ISO certifications and a listing under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM), Oswal Pumps is clearly a key player in India’s clean energy transition. ☀️
source: Corporate Announcement
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