As per attached intimation letter.
OSWALPUMPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oswal Pumps has won three Letters of Award from North Bihar and South Bihar Power Distribution Companies (NBPDCL and SBPDCL) for setting up 63 MW of grid-connected rooftop solar projects covering 57,492 consumer installations across the Motihari, Saharsa, and Ara circles in Bihar. The installation order value is approximately Rs. 247 crore, with an additional long-term revenue potential of about Rs. 257 crore from energy supply over 10 years under the RESCO model, taking the total revenue opportunity to over Rs. 500 crore. Projects are to be commissioned within 9 months of PPA execution, followed by 10 years of operations and maintenance. The order marks a strategic diversification for Oswal Pumps beyond its traditional PM KusUM solar pump business into the PM Surya Ghar rooftop solar segment.
Positive for shareholders — a sizeable Rs. 500+ crore cumulative revenue opportunity from government-backed DISCOMs strengthens order book visibility and adds annuity-style income streams, reducing dependence on the PM KusUM segment.