Oswal Pumps Secures ₹297.50 Crore Order for Solar Rooftop Projects in Telangana
Oswal Pumps Limited secured an order worth approx. ₹297.50 Crore (including GST) from Telangana Renewable Energy Development Corporation Limited. The contract involves designing, supplying, installing, and commissioning 46,705 kW of rooftop solar PV power plants across 9,937 government schools in Telangana. Installation is to be completed within 180 days.
The order value is substantial and represents a new market entry for the company, indicating a significant impact on its future revenue and growth.
The company has secured a significant new order, which is a positive development for its business.
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 encompasses an aggregate capacity of 46,705 kW across 9,937 government schools in 33 districts of Telangana, utilizing MONOPERC/TOPCON solar modules. 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.
Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed pleasure in securing this significant order from Telangana, marking an important milestone for the company's expansion into new markets. He emphasized the company's commitment to delivering the project with a strong focus on quality, timely delivery, and long-term performance, contributing to the state'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.