Oswal Pumps Secures ₹162 Crore Solar Pump Order from MSEDCL
Oswal Pumps Limited secured an order worth ₹162.06 crore from MSEDCL for 6,896 solar water pumping systems. The project, part of the PM Kusum B Scheme, will be executed within one year. This includes design, supply, installation, and maintenance of solar pumps across Maharashtra.
The order value of ₹162.06 crore is substantial and directly contributes to the company's revenue and market presence in the renewable energy sector.
The company has received a significant order, indicating business growth and expansion. This is a positive development for the company.
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). This project is to be executed within one year under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna.
The total value of the order is approximately ₹162.06 Crore, including GST. The scope of work includes the design, manufacture, supply, transport, installation, testing, and commissioning of SPWPS of 3 HP, 5 HP, and 7.5 HP capacities at identified farmer's sites in Maharashtra. The contract also includes a complete system warranty and five years of repair and maintenance, along with a Remote Monitoring System (RMS).
Mr. Vivek Gupta, Chairman and Managing Director, expressed pleasure in receiving the order, highlighting it as a reaffirmation of Oswal Pumps' position as a preferred partner for large-scale solar water pumping solutions. He emphasized the project's alignment with sustainable agriculture and renewable energy adoption, benefiting nearly 6,869 farming households and reducing their dependence on grid power and diesel. The company is committed to delivering the project with high standards of quality and timeliness.
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.