Oswal Pumps Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Oswal Pumps Secures Rs. 162 Crore Solar Pump Order from MSEDCL".
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Oswal Pumps Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing 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 in 3HP, 5HP, and 7.5HP capacities will be installed at identified farmers' locations across Maharashtra, with installation to be completed within 60 days from the Notice to Proceed. The order is valid for one year and includes a 5-year Remote Monitoring System warranty. This is a repeat order from MSEDCL, reaffirming Oswal Pumps' position as a preferred partner for large-scale solar water pumping solutions.
This is a significant domestic order worth Rs. 162 crore that will boost Oswal Pumps' order book and revenue visibility for the year. The positive sentiment from the CMD and repeat business from MSEDCL suggests strong execution capabilities and government sector credibility, which could be positive for the stock.