Oswal Pumps Subsidiary Secures ₹39.40 Crore Solar Order
Filing Summary
Oswal Solar Energy Private Limited, a wholly owned subsidiary of Oswal Pumps Limited, has received an order valued at ₹39.40 crore from M/s Swashakthi Energy. The order involves the design, engineering, supply, installation, testing, and commissioning of 7.46 MWp Grid Connected Rooftop Solar (RTS) Plants. This project is part of the PM Surya Ghar: Muft Bijli Yojana initiative, targeting 3,729 SC & ST consumers in Andhra Pradesh. The contract includes a five-year operation and maintenance period. The order marks Oswal’s entry into the rooftop solar segment.
Oswal Solar Energy Private Limited, a wholly owned subsidiary of Oswal Pumps Limited, has secured an order from M/s Swashakthi Energy. The order is for the design, engineering, supply, installation, testing, and commissioning of 7.46 MWp Grid Connected Rooftop Solar (RTS) Plants. This project is part of the PM Surya Ghar: Muft Bijli Yojana initiative and targets 3,729 SC & ST consumers in Andhra Pradesh. The total value of the order is approximately ₹39.40 crore, inclusive of GST.
The financial terms of the order specify a total value of ₹39.40 crore, which includes Goods and Services Tax (GST). The order was awarded by M/s Swashakthi Energy, a domestic entity. There is no involvement of related party transactions, and the order is not associated with any interest from the promoter or promoter group of Oswal Pumps Limited.
The scope of the order includes the complete design, engineering, supply, installation, testing, and commissioning of 7.46 MWp grid-connected rooftop solar systems. Additionally, the contract encompasses a five-year operation and maintenance period for the installed systems. These systems will be installed for 3,729 SC & ST consumers through Utility Led Aggregation (CAPEX) Mode under the PM-Surya Ghar: Muft Bijli Yojana.
The project is part of the PM Surya Ghar: Muft Bijli Yojana, a government initiative aimed at promoting solar energy solutions. The order allows Oswal Pumps to enter the rooftop solar segment, aligning with the company’s strategic focus on expanding its presence in renewable energy solutions. This initiative supports the government’s efforts to enhance sustainable energy solutions across the country.
The contract period extends up to five years from the date of installation and commissioning of the rooftop systems. The systems will be installed across the Pulivendula and Puttaparthy divisions under APSPDCL in Andhra Pradesh. The project is expected to be executed in collaboration with M/s Swashakthi Energy, which was awarded the project by the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP).
M/s Swashakthi Energy is involved in renewable energy projects, focusing on solar energy solutions. The company has been awarded projects under government initiatives, contributing to the development of sustainable energy infrastructure in India.
Oswal Pumps Limited is a vertically integrated solar pump manufacturer with over two decades of experience in pump engineering and manufacturing. The company provides turnkey solar pumping systems and has a strong presence in solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules. Oswal Pumps is accredited with ISO certifications and is listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM).