Oswal Pumps Limited has informed the Exchange regarding a press release dated Jun 14, 2026, titled "Oswal Pumps Secures Landmark Rooftop Solar Orders under PM Surya Ghar Yojana ".
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Oswal Pumps has won three Letters of Award from North Bihar and South Bihar Power Distribution Companies (NBPDCL and SBPDCL) for 63 MW of grid-connected rooftop solar projects covering 57,492 consumer installations across Motihari, Saharsa, and Ara circles in Bihar. The installation order is worth about Rs. 247 crore, with an additional Rs. 257 crore in long-term energy supply revenue expected over a 10-year RESCO contract, taking the total opportunity to over Rs. 500 crore. The projects must be commissioned within 9 months from PPA signing and include 10 years of operations and maintenance. This marks a strategic move beyond the company's existing PM Kusum solar pump business into distributed residential rooftop solar.
This is a meaningful new order that strengthens Oswal Pumps' revenue visibility through a mix of upfront execution work and 10-year annuity-style income. Diversification into the PM Surya Ghar segment reduces reliance on PM Kusum and could support positive sentiment on the stock, though execution within the 9-month timeline will be the key thing to watch.