Oswal Pumps Secures ₹297.5 Crore Telangana Rooftop Solar Order
Oswal Pumps Limited secured an order worth approximately ₹297.50 Crore from Telangana Renewable Energy Development Corporation Limited. The project involves installing 46,705 kW of rooftop solar capacity across 9,937 government schools in Telangana. Installation is expected to be completed within 180 days.
The order value of ₹297.50 Crore is substantial and represents a significant new business win for the company, impacting its growth prospects.
The company has secured a significant new order which is expected to boost its business and revenue.
Oswal Pumps Limited has received a Letter of Intent from Telangana Renewable Energy Development Corporation Limited (TREDCL) for the design, supply, installation, and commissioning of on-grid solar rooftop PV power plants. The project involves installing plants with capacities of 2kW, 5kW, and 10kW across 9,937 government schools in 33 districts of Telangana, aggregating a total capacity of 46,705 kW.
The order includes the use of MONOPERC/TOPCON solar modules and a five-year comprehensive maintenance period. The total value of the order is approximately ₹297.50 Crore, including GST. The installation is to be completed within 180 days from the date of receiving the Work Order.
Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed pleasure in securing this significant order, marking an important milestone for the company's expansion into new markets and highlighting its technical and execution capabilities. He emphasized the commitment to quality, timely delivery, and long-term performance, aiming to contribute to Telangana's clean energy goals.
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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.