Oswal Pumps Ltd, an India-based company that manufactures solar-powered and grid-connected submersible and monoblock pumps, announced that,

The Company has received 03 (Three) LOAs from North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL), a domestic entity. Source: BSE.

Project Details

According to the BSE data, Oswal Pumps has received THREE Letters of Award (LOAs) from “NBPDCL” and “SBPDCL” under the CAPEX plus RESCO Mode Utility – Led Aggregation (ULA) model.

According to the company management, the Company has secured this project under the PM Surya Ghar – Muft Bijli Yojana for setting up a cumulative capacity of 63 MW of Grid-Connected Rooftop Solar Projects across the Motihari, Saharsa, and Ara circles in the state of Bihar.

The scope of the project includes design, engineering, manufacture/procurement, manufacturer’s quality assurance, factory testing, transportation, handling, storage, and erection (including all civil/structural works).

The Company has to perform electrical & general works, piping, cabling, installation, and provision for data acquisition with a communication facility to the centralized monitoring system of Bihar DISCOMs.

It also needs to perform testing and commissioning, provide services, arrange project financing, obtain permits/sanctions/clearances, if any, and arrange insurance at all stages of this project, and supply energy from the Rooftop Solar Plants, along with Mandatory 10 Year O&M of the RTS system.

Oswal Pumps Secures Bihar Rooftop Solar Projects

Size of the Order

The aggregate installation order value is INR 247 Crore, with an additional long-term revenue potential of approximately INR 257 Crore over a 10-year horizon from energy supply under the RESCO model.

Project Duration

The projects are to be commissioned within 9 months from the execution of the respective Power Purchase Agreements (PPAs).

The scope also includes operation and maintenance (O&M) of the rooftop solar systems for a period of 10 years from commissioning.

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 information.

Leadership View

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

This award represents a pivotal milestone for Oswal Pumps as we scale our participation in the PM Surya Ghar programme and strengthen our position in the distributed solar ecosystem.

It not only underscores our execution capabilities but also marks a strategic shift towards diversifying revenue streams beyond PM Kusum.

We remain committed to delivering high-quality installations and supporting India’s transition toward clean, decentralised energy.

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Company Overview & Others

Overview: Oswal Pumps Limited is one of India’s fastest-growing, vertically integrated solar pump manufacturers. The Company planned an IPO in June 2025.

Market Cap: Oswal Pumps has a total market capitalization of ₹4,850 crore as of June 15, 2026, according to the NSE data.

Technical: The stock is trading above its 20-day, 50-day, and 100-day SMAs but below its 200-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Oswal Pumps’ share declined by 20% and increased by 44% over the last three-month period. However, the company’s shares have been trading 10% 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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