Oswal Pumps Limited has informed the Exchange about Awarding of order(s)/contract(s)
OSWALPUMPS · price
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Oswal Pumps' wholly-owned subsidiary, Oswal Solar Energy Private Limited, has received an order worth ₹39.40 crore (including GST) from M/s Swashakthi Energy. The order involves designing, supplying, installing, and commissioning 7.46 MWp of grid-connected rooftop solar systems for 3,729 SC & ST consumers in Pulivendula and Puttaparthy divisions of Andhra Pradesh, along with a 5-year maintenance contract. Swashakthi Energy was the successful bidder under the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) for projects allocated under the Government of India's PM Surya Ghar: Muft Bijli Yojana. This marks Oswal's entry into the rooftop solar segment and is the company's first project under this flagship central scheme, whose budget allocation has been raised from ₹17,000 crore to ₹22,000 crore in the recent Union Budget.
This is a strategic diversification move for Oswal Pumps beyond its core solar pump business, giving it a foothold in the rooftop solar EPC segment backed by strong government policy support. While the ₹39.40 crore order size is modest relative to the company's overall scale, it opens the door to potentially larger follow-on opportunities under the expanded PM Surya Ghar scheme, which could be a positive trigger for long-term investors watching the renewables space.