Oswal Pumps Wins 63 MW Rooftop Solar Projects in Bihar

Oswal Pumps Ltd has secured three Letters of Award (LOAs) from North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL) for setting up 63 MW of Grid-Connected Rooftop Solar Projects in Bihar under the PM Surya Ghar - Muft Bijli Yojana. The projects, spread across Motihari, Saharsa, and Ara circles, have an aggregate installation order value of approximately ₹247 Crore. Additionally, the company anticipates a long-term revenue potential of approximately ₹257 Crore over a 10-year horizon from energy supply under the RESCO model. The projects are to be commissioned within 9 months from the execution of respective Power Purchase Agreements (PPAs), with a mandatory 10-year operation and maintenance period.