Oswal Pumps Limited has informed the Exchange about Awarding of order(s)/contract(s)
OSWALPUMPS · price
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Awaiting price reaction for this filing.
Oswal Pumps has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply, install, and commission 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra. The pumps come in 3HP, 5HP, and 7.5HP capacities and will be deployed at farmer sites under the central government's PM Kusum B Scheme ('Magel Tyala Saur Krushi Pump' Yojana). The total contract value is approximately Rs. 442 crore (including GST). The Letter of Award is valid for one year, with each installation to be completed within 60 days of receiving the work order. The order also includes a 5-year system warranty, repair/maintenance, and remote monitoring. Management described it as a milestone that strengthens the company's existing order book and reinforces its leadership in the solar pumping segment.
This is a sizeable domestic government-backed order that adds meaningful revenue visibility and reinforces the company's order book, likely to be viewed positively by the market. Investors should note that execution within tight 60-day timelines per work order and continued government scheme flow will be key to sustaining momentum.