Oswal Pumps Secures ₹162 Crore Solar Pump Order from MSEDCL
Oswal Pumps secured a ₹162.06 crore order from MSEDCL for 6,896 solar water pumping systems under the PM Kusum B Scheme. The project, to be executed within a year, includes supply, installation, and maintenance, aiming to support sustainable irrigation and renewable energy adoption for farmers.
The order value of ₹162.06 crore is substantial and is expected to have a material impact on the company's revenue and growth.
The company has secured a significant order, which is a positive development for its business.
Oswal Pumps Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of this order is approximately ₹162.06 crore, including GST, and is to be executed within one year under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna.
The scope of work includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar water pumping systems, with capacities of 3 HP, 5 HP, and 7.5 HP. The systems will be installed at identified farmers' sites across Maharashtra, and will include a complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for five years.
Mr. Vivek Gupta, Chairman and Managing Director, expressed pleasure in receiving the order, highlighting MSEDCL's continued trust and reaffirming Oswal Pumps' position as a preferred partner for large-scale solar water pumping solutions. He emphasized the alignment of this order with the company's belief in sustainable agriculture and renewable energy adoption, noting its potential to reduce farmers' dependence on grid power and diesel, thereby lowering input costs and carbon footprints.
What to do with a filing like this
Oswal Pumps Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Oswal Pumps Limited. Read the original for the full detail.