Oswal Pumps Limited has informed the Exchange about Awarding of order(s)/contract(s)

Order Above 5pct RevenueBusiness Updates View source PDF

OSWALPUMPS · price

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Price reaction · full curve 14 horizons · vs prior close

+4.6%1-day move

₹411.40

prior close

₹417.90

base price

After-mkt

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AI summary

Oswal Pumps Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojna. The total order value is approximately Rs. 162.06 crore (including GST). The systems (3HP, 5HP & 7.5HP capacity) will be installed at identified farmers' sites across Maharashtra and include a Remote Monitoring System for 5 years. Execution is to be completed within one year, with installation within 60 days of the Notice to Proceed. This is a domestic government contract and not a related party transaction.

Likely market impact

A Rs. 162 crore order represents a very large contract relative to the company's annual revenue, signaling strong near-term revenue visibility and reinforcing Oswal Pumps' position as a preferred partner for government solar pump schemes.