Oswal Pumps Limited has informed the Exchange about Awarding of order(s)/contract(s)
OSWALPUMPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oswal Pumps has won three Letters of Award from North Bihar and South Bihar Power Distribution Companies for 63 MW of grid-connected rooftop solar projects covering 57,492 consumer installations across the Motihari, Saharsa, and Ara circles in Bihar. The orders fall under the central government's PM Surya Ghar – Muft Bijli Yojana and carry an installation value of about Rs. 247 crore, with an additional Rs. 257 crore of long-term energy supply revenue over 10 years, totaling over Rs. 500 crore in cumulative opportunity. Projects must be commissioned within 9 months of PPA signing and include 10 years of operations and maintenance. Management called this a landmark milestone that diversifies the company beyond its traditional PM KusUM solar pump business into distributed rooftop solar.
Positive for shareholders — this large government-backed order strengthens revenue visibility with annuity-style income over 10 years and marks meaningful diversification beyond PM Kusum, though execution within the tight 9-month timeline will be the key thing to watch.