Business Update30 Oct 2026, 12:10 pm
Oswal Pumps Secures ₹235.92 Cr Solar Pump Order from MSEDCL
AI Summary
Oswal Pumps Limited has received a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of this order is approximately ₹235.92 Crore, including GST. These systems are to be executed within 60 days under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojana. This repeat order reinforces Oswal Pumps' partnership with MSEDCL and highlights the company's continued momentum in supplying solar-powered irrigation solutions.
Key Highlights
- Secured order for 10,000 Solar Photovoltaic Water Pumping Systems.
- Total order value is ₹235.92 Crore (including GST).
- Order to be executed under PM Kusum B Scheme within 60 days.
- Reinforces partnership with MSEDCL and execution capabilities.
- Company is a vertically integrated solar pump manufacturer.
Price Impact
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