Oswal Pumps bags Rs 119.92 Cr solar pump order under PM-KUSUM B from KREDL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

OSWALPUMPS · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+1.1% vs market

Compressors Pumps & Diesel Engines peers, median of 12sector+0.2%+0.8% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.8 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Oswal Pumps received a Letter of Award from Karnataka Renewable Energy Development Limited (KREDL) for 3,263 solar agriculture pump sets (214 surface plus 3,049 submersible) under the PM-KUSUM B Scheme across Karnataka. Total order value is Rs 119.92 Crore inclusive of GST. Scope covers design, manufacture, supply, installation, testing and commissioning of 3HP, 5HP, 7.5HP and 10HP pumps with 5-year warranty and remote monitoring. Installation deadline is March 31, 2026. Contract period extends up to 5 years from installation. This marks the company's first major comprehensive project in Karnataka.

Likely market impact

Strengthens position in solar pumping segment, expands geographic footprint into Karnataka, and adds government-backed revenue visibility for the coming quarters.