<h1>Oswal Pumps Secures Rs 78 Crore Order from NBPDCL for 20 MW Rooftop Solar Projects in Bihar</h1>
Karnal, Haryana — Oswal Pumps Limited has secured a Letter of Award (LoA) from the North Bihar Power Distribution Company Limited (NBPDCL). The order involves designing, supplying, and installing 20 MW of grid-connected rooftop solar capacity across 18,089 consumer sites in the Darbhanga Circle of NBPDCL. This contract falls under the PM Surya Ghar - Muft Bijli Yojana (PMSG-MBY) initiative, executed using a Utility-Led Aggregation (ULA) model.
The contract entails setting up GridConnected Rooftop Solar Projects, each having a capacity of 1.1 kW, targeting consumers in the Darbhanga Circle under NBPDCL's purview. The total value for installing these grid-connected plants for all 18,089 consumers is approximately Rs 78 Crore, including GST.
The projects must be commissioned within nine months from the signing of the Power Purchase Agreement (PPA). Furthermore, the scope includes a mandatory 10 years of Operation and Maintenance (O&M) for the rooftop solar systems.
The opportunity presents significant long-term value. The projects have an estimated long-term revenue potential of approximately INR 67 Crore from energy supply over a decade under the RESCO model, translating into a cumulative revenue opportunity of approximately INR 145 Crore. Each beneficiary household is projected to receive about 15,000 units of solar power during the contract period.
A summary of the project details is provided below:
| Particulars | Details |
|---|---|
| Awarding Entity | North Bihar Power Distribution Company Limited (NBPDCL) |
| Contract Value | Rs 78 Crore approx. (including GST) |
| Project Scale | Setting up 20 MW of Grid-Connected Rooftop Solar Projects |
| Consumer Count | 18,089 consumers (each with a 1.1 kW plant) |
| Execution Timeline | Within 9 months from PPA execution |
| Long Term Revenue Potential | Approximately INR 67 Crore over 10 years |
Commenting on the award, Mr Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated that the order is a testament to the continued confidence shown by state DISCOMs in the company's capabilities. He added that Bihar remains an important market for the company under the PM Surya Ghar programme and expressed anticipation for commencing execution toward India's clean energy transition commitment.
Oswal Pumps Limited is noted as one of India's vertically integrated solar pump manufacturers, operating with a legacy spanning over two decades in pump engineering and manufacturing. The company offers turnkey solutions for solar pumping systems, electric motors, and solar modules under the 'Oswal' brand. Oswal Pumps holds ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications and maintains a pan-India distribution network catering to agricultural, residential, and industrial sectors.
OSWALPUMPS Stock Price Movement
Oswal Pumps Limited shares today edged higher in post-market trading, climbing 2.24% to settle at ₹307.90 after gaining ₹6.75. The stock saw significant activity, with a volume of 333,761 shares traded during the 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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