Oswal Pumps Wins LoA for 20 MW Grid-Connected Rooftop Solar Project in Bihar
Oswal Pumps Limited has secured a Letter of Award (LoA) from the North Bihar Power Distribution Company Limited (NBPDCL). The contract involves the design, supply, and installation of a cumulative 20 MW grid-connected rooftop solar capacity across 18,089 consumer sites within the Darbhanga Circle of NBPDCL. This project is part of the PM Surya Ghar - Muft Bijli Yojana (PMSG-MBY) program in the Utility-Led Aggregation (ULA) model.The total value of the installation order for the 1.1 kW Grid-Connected Plant at each site amounts to approximately Rs. 78 Crore, including GST.
Project Scope and Execution Details
The contract outlines comprehensive requirements for the project's execution, covering designing according to site conditions, engineering, manufacturing/procurement, and quality assurance. The scope also includes transportation, handling, storage, erection (including all civil and structural works), electrical and general works, piping, cabling, installation, provision for data acquisition with communication facility, testing, commissioning, services, project financing, permits, and insurance at every stage of the contract.The winning bidder must ensure a mandatory 10 years of Operation and Maintenance (O&M) for the Rooftop Solar (RTS) system.
Key details regarding the order are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | North Bihar Power Distribution Company Limited |
| Project Size | 20 MW Grid-Connected Rooftop Solar Capacity |
| Number of Consumers | 18,089 (each with a 1.1 kW plant) |
| Contract Value | Rs. 78 Crore approx. (including GST) |
| Timeline for Execution | Within 9 months from the signing of the Power Purchase Agreement (PPA) |
Financial Outlook and Industry Commitment
The project holds significant commercial implications, with an estimated long-term revenue potential of approximately INR 67 Crore derived from energy supply over a 10-year tenure under the RESCO model. This translates to a cumulative revenue opportunity of approximately INR 145 Crore for the company. Furthermore, each beneficiary household is projected to receive around 15,000 units of solar power throughout the contract duration.Commenting on the successful award, Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated, "We are pleased to have received this additional order from NBPDCL. Bihar continues to be an important market for us under the PM Surya Ghar programme, and this award reflects the continued confidence of state DISCOMs in our capabilities. We look forward to commencing execution and delivering on this mandate, in line with our broader commitment to India's clean energy transition."
About Oswal Pumps Limited
Oswal Pumps is identified as a fast-growing, vertically integrated solar pump manufacturer in India, built on over two decades of experience in pump engineering. The company serves as an integrated provider of turnkey solar pumping systems and has established a strong presence across the agricultural, residential, and industrial sectors.Oswal Pumps is certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications. With a strong pan-India distribution network, Oswal Pumps caters to the diverse requirements of end-users across multiple sectors.
DCW Stock Price Movement
On Thursday, shares of DCW Limited edged higher to close at ₹46.22 after gaining 0.54%. The equity moved amidst a day's trading volume totaling 983,507 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: