Business Update6 May 2026, 08:51 am
Oswal Pumps Bags ₹162 Cr Order from MSEDCL
AI Summary
Oswal Pumps Ltd. has secured an order worth approximately ₹162.06 Crore (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM Kusum B Scheme. The project, to be completed within one year, involves design, manufacture, supply, installation, testing, and commissioning of the systems across Maharashtra, supporting sustainable irrigation and renewable energy adoption.
Key Highlights
- Oswal Pumps receives order from MSEDCL for 6,896 solar water pumping systems.
- The order value is approximately ₹162.06 Crore (including GST).
- Project to be executed within one year under the PM Kusum B Scheme.
- The project includes complete system warranty, repair, maintenance, and remote monitoring for 5 years.
- The order supports sustainable agriculture and reduces dependence on grid power.