As per attached intimation letter.
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. The order is valued at approximately Rs. 162.06 crore (including GST) under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojna. The scope includes design, manufacturing, supply, installation, testing, and commissioning of solar pumps with capacities of 3HP, 5HP, and 7.5HP across Maharashtra. Systems will include a 5-year warranty with repair, maintenance, and Remote Monitoring System. The order must be executed within one year, with installation to be completed within 60 days of the Notice to Proceed.
This is a significant domestic government order that positions Oswal Pumps as a key player in India's agricultural solarisation drive. The Rs. 162 crore order represents substantial revenue visibility and reinforces the company's relationship with MSEDCL, potentially positively impacting the stock given the scale of the contract.