Oswal Pumps bags Rs 273 Cr rooftop solar order from Telangana govt

Govt Defence OrderBusiness Updates View source PDF Explain this filing

OSWALPUMPS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.0%1-day move

₹273.90

prior close

₹290.10

base price

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AI summary

Oswal Pumps has received a Letter of Intent from TGREDCO for a 46.7 MW rooftop solar project across 9,937 government schools in 33 districts of Telangana. Order value is Rs 273.19 crore (excluding GST) or Rs 297.50 crore (including GST). Scope covers design, supply, installation and commissioning of 2kW, 5kW and 10kW solar PV plants using MONO PERC/TOPCON modules, plus 5 years of maintenance. Completion required within 180 days of work order. This is the company first major order from Telangana.

Likely market impact

Large government order marks entry into Telangana and boosts revenue visibility. Likely positive for stock given scale and clean energy tailwind.