Oswal Pumps Secures Additional Order for 10,000 Solar Pumps from MSEDCL Worth ₹235.92 Cr

Oswal Pumps Limited is pleased to announce that it has received an additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojna for the supply and installation of 10,000 OffGrid Solar Photovoltaic Water Pumping Systems, with a total order value of ₹ 235.92 crore (inclusive of GST).

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

Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said "We are delighted to receive this additional order for 10,000 solar pumps, which reflects the strong and enduring partnership we have built with MSEDCL driving Maharashtra's solar irrigation mission. This repeat order underscores the trust our customers place in Oswal Pumps and stands as a testament to our consistent execution, timely deliveries, and unwavering commitment to quality across every project we undertake.

With this latest award, our cumulative order book under various solar pumping schemes continues to expand, further reinforcing Oswal Pumps' position as one of India's leading partners for large-scale solar water pumping solutions."

Shares of Oswal Pumps Limited was last trading in BSE at Rs. 409.70 as compared to the previous close of Rs. 418.10. The total number of shares traded during the day was 37024 in over 884 trades.

The stock hit an intraday high of Rs. 422.35 and intraday low of 407.20. The net turnover during the day was Rs. 15235891.00.

Source : Equity Bulls

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