Oswal Pumps Secures Order for 10,000 Solar Water Pumping Systems from MSEDCL Worth ₹235.92 Crore
Karnal, Haryana — Oswal Pumps Limited has secured a substantial additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves the supply and installation of 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), valued at approximately ₹235.92 Crore, including GST.The project is being executed under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojana. The scope of work encompasses the design, manufacturing, supply, transportation, installation, testing, and commissioning of these solar systems. These pumps will be deployed at identified farmer sites across Maharashtra, supporting sustainable irrigation initiatives in the agricultural sector.
The total value and operational details of the contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Maharashtra State Electricity Distribution Company Limited (MSEDCL) |
| Number of SPWPS | 10,000 |
| Total Commercial Consideration | Rs. 235.92 Crore approx. (including GST) |
| Scope of Work | Design, Manufacture, Supply, Installation, Testing, and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) in 3HP, 5 HP & 7.5 HP capacities. |
| Time Period for Installation | Within 60 days from the date of issuance of Notice to Proceed (NTP)/ Work Order. |
Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, commented on the order, stating that it reflects a strong partnership with MSEDCL driving Maharashtra's solar irrigation mission. He added that this repeat business underscores customer trust in the company's commitment to consistent execution and quality across projects, reinforcing Oswal Pumps' standing as a key partner for large-scale solar water pumping solutions.
Oswal Pumps Limited is described as one of India's rapidly expanding, vertically integrated solar pump manufacturers. With over two decades in pump engineering, the company provides turnkey solar pumping systems. It maintains certifications including ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015, operating with a strong distribution network across India and growing an international presence. The company caters to the agricultural, residential, and industrial sectors.
OSWALPUMPS Stock Price Movement
Oswal Pumps Limited shares slipped by 1.78% to settle at ₹409.45 on Friday, closing lower than its previous close of ₹417.95. The stock witnessed considerable trading activity, with 434,335 shares exchanged during the day amidst a range defined by a low of ₹407 and a high of ₹421.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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