New Launch14 Jan 2026, 09:35 am
Oswal Pumps Secures Rs. 119.92 Crore Solar Pump Order under PM-KUSUM B Scheme
AI Summary
Oswal Pumps Ltd has received a Letter of Award from Karnataka Renewable Energy Development Limited for 214 Surface Solar Agriculture Pumps Set and 3049 Submersible Solar Agriculture Pump Sets for the entire state of Karnataka under Component-B of PM-KUSUM scheme. The total value of the pumps is approximately Rs. 119.92 Crore (inclusive of GST). The order involves design, manufacture, supply, transport, installation, testing, and commissioning of solar agriculture pumps, along with system warranty, repair, maintenance, and remote monitoring for 5 years. The installation and commissioning, along with RMS integration and submission of invoices and documents, are to be carried out on or before March 31, 2026.
Key Highlights
- Oswal Pumps has secured an order worth approximately Rs. 119.92 Crore from Karnataka Renewable Energy Development Limited under the PM-KUSUM B Scheme.
- The order involves the supply and installation of 3,263 Off-Grid DC Solar Photovoltaic Water Pumping Systems across Karnataka.
- The pumps will be in 3 HP, 5 HP, 7.5 HP, and 10 HP capacities, supporting sustainable irrigation and promoting renewable energy in the agricultural sector.
- This order strengthens Oswal Pumps' position as a leading player in the solar pumping solutions segment and reflects its strong execution capabilities and manufacturing expertise.
- The project is expected to further strengthen Oswal Pumps' presence in Karnataka and enable deeper market penetration.