Oswal Pumps Bags Rs 162 Crore Order for Solar Water Pumping Systems from MSEDCL
Oswal Pumps Limited announced on May 6, 2026, that it has secured a significant order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves supplying and installing Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojna, with a total commercial value of approximately Rs 162.06 Crore (including GST).The contract encompasses the comprehensive services required for the design, manufacture, supply, installation, testing, and commissioning of 6,869 solar water pumping systems. These systems, configured in 3 HP, 5 HP, and 7.5 HP capacities, are set to be installed at identified farmer locations across the state of Maharashtra, aiming to support sustainable irrigation and promote renewable energy adoption in the agricultural sector.
Key details of the awarded order are as follows:
| Detail | Description |
|---|---|
| Awarding Entity | Maharashtra State Electricity Distribution Company Limited |
| Scope of Work | Design, Manufacture, Supply, Installation, Testing, and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). |
| Units Covered | 6,869 systems |
| Total Value | Rs 162.06 Crore approx. (including GST) |
| Schemes Covered | PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojana |
| Duration | Letter of Empanelment is valid for one year, with installation to be completed within 60 days from the Notice to Proceed (NTP)/Work Order date. |
Commenting on the development, Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated that the order reinforces the company's standing as a preferred partner for large-scale solar water pumping solutions in India.
He added, "This continued trust from MSEDCL reaffirms our position... 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."
Oswal Pumps Limited is a vertically integrated solar pump manufacturer with over two decades of experience in pump engineering. The company offers a full range of turnkey solar pumping systems, including submersible and monoblock pumps, electric motors, and solar modules, all branded under 'Oswal'. Oswal Pumps maintains a strong presence across the agricultural, residential, and industrial sectors. The company is accredited with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications and is listed under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM).
OSWALPUMPS Stock Price Movement
Shares of OSWAL PUMPS LIMITED are edging higher to ₹417.25 as of 9:05 AM today, gaining 1.71% in the pre-open session. The stock has rallied ₹7.00 above its previous close of ₹410.25, reflecting robust early buying interest as the market begins its trading day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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