Oswal Pumps bags Rs 297.50 Cr solar order from TGREDCO for Telangana schools

Order Above 5pct RevenueGovt 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 reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹273.90

prior close

₹290.10

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%+2.7% vs market

Compressors Pumps & Diesel Engines peers, median of 14sector+1.0%+3.0% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.8

15m

+1.2

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+1.3+2.7+1.0+3.0

Next day

+2.0-0.2+2.2+0.1+1.9

+0.4+0.1+0.3-0.2+0.6

-1.8-1.5-0.3-0.3-1.5

-2.4-0.5-1.9+0.2-2.6

-2.2-0.8-1.5+0.7-2.9

-3.7-2.0-1.6-1.3-2.3

15d

-6.0-3.4-2.6-2.7-3.3

-19.7-9.9-9.8-9.4-10.2

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UpDownMarket · Nifty Microcap 250Sector · Compressors Pumps & Diesel Engines peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Oswal Pumps received a Letter of Intent from TGREDCO for setting up rooftop solar plants at 9,937 government schools across 33 districts in Telangana, covering 46.7 MW capacity using Mono PERC or TOPCON modules, with 5 years of maintenance. Order value is Rs. 297.50 Crore including GST (Rs. 273.19 Crore excluding GST). Installation must be completed within 180 days of receiving the work order. This is the company's first major order from Telangana and is not a related party transaction.

Likely market impact

Positive: sizeable government order boosts order book, opens Telangana market, and validates execution capability in the rooftop solar segment.