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 3 Letters of Award from Bihar's state power distribution companies (NBPDCL and SBPDCL) to set up 63 MW of grid-connected rooftop solar projects covering 57,492 consumer installations across Motihari, Saharsa, and Ara circles under the PM Surya Ghar – Muft Bijli Yojana. The installation order is worth about Rs. 247 crore, with an additional Rs. 257 crore in long-term revenue expected over 10 years from energy supply under the RESCO model, taking the total opportunity past Rs. 500 crore. The projects must be commissioned within 9 months of PPA signing, followed by 10 years of operations and maintenance. This is the company's biggest move yet into distributed rooftop solar, reducing its earlier dependence on the PM Kusum solar pump programme.
Positive for shareholders — a landmark order worth over Rs. 500 crore in total value diversifies revenue beyond PM Kusum and adds long-term annuity-style income, boosting revenue visibility. Near-term, the stock may react positively given the order size and strategic significance, though execution risk over 9 months remains a watchpoint.