Oswal Pumps Secures Rs. 380 Crore Order for Solar Water Pumps
Filing Summary
Oswal Pumps Ltd has received a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company Limited. The order involves the design, manufacture, supply, transport, installation, testing, and commissioning of 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM Kusum B Scheme. The total contract value is approximately Rs. 380 Crore, including GST. The project is to be completed within one year, with installations finalized within 60 days of work order issuance. This order does not involve any related party transactions.
On December 11, 2025, Oswal Pumps Ltd announced the receipt of a significant order from Maharashtra State Electricity Distribution Company Limited. The order pertains to the supply and installation of 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme, specifically the “Magel Tyala Saur Krishi Pump” Yojna.
The total value of the contract is approximately Rs. 380 Crore, inclusive of GST. The scope of the order includes the design, manufacture, supply, transport, installation, testing, and commissioning of SPWPS with capacities of 3HP, 5HP, and 7.5HP. These systems will be installed at designated farmer sites across districts in Maharashtra.
The contract specifies a completion timeline of one year from the date of the award. Additionally, the installation of the systems must be completed within 60 days from the issuance of the Notice to Proceed (NTP), Work Order, or Joint Site Report (JSR) approval. The order also includes a complete system warranty, repair and maintenance services, and a Remote Monitoring System (RMS) for five years.
There are no related party transactions involved in this order, and the promoter or promoter group of Oswal Pumps Ltd does not have any interest in the awarding entity.
Maharashtra State Electricity Distribution Company Limited is a key player in the distribution of electricity in Maharashtra. The company focuses on enhancing the efficiency and reliability of power distribution across the state, supporting various government initiatives aimed at sustainable energy solutions.
Oswal Pumps Ltd specializes in the manufacturing and supply of pumping systems and solutions. The company is committed to expanding its portfolio in renewable energy projects, aligning with government initiatives to promote sustainable agricultural practices through innovative water management solutions.