Oswal Pumps Limited, one of India’s fastest-growing, vertically integrated solar pump manufacturers, on Wednesday, 06 May 2026, announced that,

The Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL), a domestic entity. Source: BSE.

Order Information

According to the BSE data, Oswal Pumps has received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 6,869 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS).

The order encompasses the design, manufacture, supply, installation, testing, and commissioning of solar water pumping systems in 3 HP, 5 HP, and 7.5 HP capacities, a company spokesperson added.

The new order includes a complete system warranty, repair, and maintenance, and a Remote Monitoring System (RMS) for 5 years under the PM Kusum B Scheme “Magel Tyala Saur Krushi Pump” Yojana.

These systems will be installed at identified farmers’ locations across Maharashtra, India, supporting sustainable irrigation and promoting the adoption of renewable energy in the agricultural sector.

Oswal Pumps Bags MSEDCL Order

Order Value

The total value of 6,896 SPWPS is INR 162.06 Crore (Rupees One Hundred Sixty-two Crore Only), including GST.

Time Period

The Letter of Empanelment is valid up to 1 (One) year.

The Installation needs to be completed within 60 days from the date of issuance of the Notice to Proceed (NTP)/Work Order.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to oswal pumps news for further details.

Management Speech

Commenting on the order, Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said –

We are pleased to receive yet another order from Maharashtra State Electricity Distribution Company Limited under the “Magel Tyala Saur Krishi Pump” Yojna.

This continued trust from MSEDCL reaffirms our position as a preferred partner for large-scale solar water pumping solutions in the country and reflects our consistent delivery standards across previous engagements.

At Oswal Pumps, we have always believed that sustainable agriculture and renewable energy adoption must go hand in hand, and this order aligns perfectly with that conviction.

By directly benefiting nearly 6,869 farming households across the state of Maharashtra, this project will reduce their dependence on grid power and diesel-based irrigation, lowering both input costs and carbon footprints.

We are proud to be a meaningful contributor to the Government of India’s vision of energy self-sufficiency in the agricultural sector, and we remain committed to delivering this project with the highest standards of quality, timeliness, and farmer-centric service.

Market Cap: Oswal Pumps Ltd has a total market capitalization of ₹4,760 crore as of April 6, 2026, according to the NSE data.

Technical: The stock is currently trading above its 20-day, 50-day, and 100-day simple moving averages (SMA)s.

Price Performance: On a year-to-date basis, Oswal Pumps’ share has declined by 20.75% and increased by 10% over the last three-month period. However, the company’s shares have been trading 26% higher over the last month.

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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Vikran Engineering Limited, one of India’s emerging multi-sector EPC (Engineering, Procurement, and Construction) companies, today, April 4, 2026, announced that,

The Company has received two major Letters of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). Source: BSE

Order Details

According to the BSE data, MSEDCL, a Government of Maharashtra Undertaking, has awarded Vikran Engineering an order for the Development of distribution infrastructure and system strengthening works across,

(1) Nashik Zone, and

(2) Kolhapur Zone.

Both LoAs were issued under the Power Distribution Enhancement Program funded by the Asian Development Bank (ADB), awarded through National Competitive Bidding.

The company’s management official stated that work under both orders entails executing the project on a turnkey basis, covering end-to-end activities, including site survey, planning, design, engineering, manufacturing, testing, supply, transportation, installation, commissioning, and documentation of all items and materials (including civil works).

Vikran Engineering Secures MSEDCL Order

Key Deliverables

Key deliverables include new 33/11 kV, 22/11 kV, and 33/22 kV Substations, new 33 kV, 22 kV, and 11 kV transmission lines, augmentation of power transformers and sub-stations, renovation works, distribution transformers, LT lines, HT/LT underground cabling, GIS Mapping, and Asset Tagging.

Order Value

The total value of both orders is aggregating to ₹530.80 Crore (excluding GST).

(1) The Nashik Zone contract is valued at ₹235.63 Crore, and

(2) The Kolhapur Zone contract is valued at ₹295.17 Crore.

Duration

Each contract is scheduled to be completed within a 21-month timeline from the date of the respective Letter of Award, a company spokesperson added.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to Vikran Engineering latest News for further information.

Vikran Engineering Secures MSEDCL Order

Leadership View

Commenting on the development, Rakesh Markhedkar, Chairman and Managing Director, Vikran Engineering Limited, said:

These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure.

Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities.

These orders meaningfully strengthen our order book and position us well for sustained growth as we continue to contribute to Maharashtra’s power infrastructure development and support India’s broader energy access ambitions through reliable, timely, and sustainable infrastructure delivery.

Market Cap: The company’s market capitalization is ₹1,430 Cr.

Technical: The stock is trading below its major simple moving averages (20-day, 50-day, and 100-day) with all SMAs sloping downwards.

Price Performance: On a year-to-date (YTD) basis, Vikran Engineering’s stock has lost 44.65 percent and is down 44.15 percent in the last three-month period. However, the company’s shares are trading 16.65 percent lower in the last one-month period.

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Disclaimer: This article is purely for informational purposes. The data presented here are for information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Vikran Engineering Secures MSEDCL Order appeared first on Upcoming ipos: Latest news on stocks, economy & finance.