Oswal Pumps bags Rs 78 Cr rooftop solar order in Bihar under PM Surya Ghar scheme
OSWALPUMPS · price
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Oswal Pumps received a Letter of Award from North Bihar Power Distribution Company for setting up 20 MW grid-connected rooftop solar projects across 18,089 consumer sites of 1.1 kW each in Bihar's Darbhanga Circle under the PM Surya Ghar Muft Bijli Yojana. Installation order value is about Rs 78 Crore including GST, with an additional long-term revenue potential of about Rs 67 Crore from a 10-year energy supply contract under the RESCO model, taking the cumulative opportunity to about Rs 145 Crore. Projects must be commissioned within 9 months, followed by 10 years of O&M.
Strengthens order book with Rs 78 Cr near-term revenue plus Rs 67 Cr long-term energy supply income under a government-backed scheme.