OSWALPUMPS · price
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Oswal Pumps Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojna. The total order value is approximately Rs. 162.06 crore including GST. The order includes design, manufacture, supply, installation, testing, and commissioning of solar water pumping systems with capacities of 3HP, 5HP, and 7.5HP across identified farm locations in Maharashtra. The company will also provide a 5-year Remote Monitoring System with warranty and maintenance support. The order validity is one year, with installation required within 60 days from the Notice to Proceed.
This is a significant domestic order that strengthens Oswal Pumps' order book and reinforces its position as a preferred partner for government solar pump initiatives. The ₹162 crore order is expected to contribute meaningfully to the company's revenue and demonstrates continued trust from MSEDCL, potentially supporting near-term earnings visibility.