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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