Oswal Pumps Secures ₹235.92 Crore Order for 10,000 Solar Pumps from MSEDCL
Oswal Pumps Limited received an order worth ₹235.92 crore from MSEDCL for 10,000 solar water pumping systems. The systems are to be executed within 60 days under the PM Kusum B Scheme. This repeat order signifies continued trust and execution momentum in Maharashtra.
The order value of ₹235.92 crore is substantial and represents a significant business award for Oswal Pumps, impacting its financial performance and market presence.
The announcement details a significant new order win, which is a positive development for the company's revenue and market position.
Oswal Pumps Limited has announced the receipt of a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for an additional 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). This order, valued at approximately ₹235.92 crore (including GST), is to be executed within 60 days under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojana.
The scope of the contract includes the design, manufacture, supply, transport, installation, testing, and commissioning of these SPWPS of 3HP, 5HP & 7.5HP capacity at identified farmer’s sites in Maharashtra. The contract also includes a complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for 5 years.
Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, stated that this repeat order reinforces the company's capabilities and their commitment to timely execution and product reliability. He highlighted Maharashtra as a key market and expressed satisfaction in supporting the state's transition towards sustainable agricultural infrastructure.
Oswal Pumps Limited is a vertically integrated solar pump manufacturer with over two decades of experience in pump engineering. The company is known for its turnkey solar pumping systems and has a strong presence in solar-powered and grid-connected pumps, electric motors, and solar modules under the 'Oswal' brand.
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.