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OSWALPUMPS · price
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Oswal Solar Energy Private Limited, a material wholly-owned subsidiary of Oswal Pumps Ltd, has incorporated a new step-down subsidiary named 'Oswal Doon Baran Bundi Solar Projects Limited' on May 6, 2026. The new entity is a special purpose vehicle (SPV) set up as a joint venture with Doon Infrapower Projects Private Limited, where Oswal Solar holds 60% and the partner holds 40%. The SPV is capitalized at Rs. 1,00,000 (10,000 shares at Rs. 10 each), with Oswal Solar subscribing to 6,000 shares for Rs. 60,000 in cash. The entity is yet to commence operations and will execute a 33 MW rooftop solar photovoltaic project on State Government buildings in Rajasthan under Hybrid Annuity Mode for 25 years.
The incorporation of this SPV expands Oswal Pumps' solar energy business into government projects, creating a new revenue stream through a government-linked solar infrastructure project. The 60-40 JV structure with an external partner distributes project risk while maintaining majority control.