Oswal Pumps Secures Rs. 119.92 Crore Solar Pump Order in Karnataka
Filing Summary
Oswal Pumps Limited has been awarded a contract valued at approximately Rs. 119.92 crore by Karnataka Renewable Energy Development Limited. The order involves the supply and installation of 3,263 solar agriculture pump sets under the PM-KUSUM B Scheme. The project includes design, manufacture, and commissioning of pumps ranging from 3HP to 10HP across Karnataka. The installation is to be completed by March 31, 2026, with a five-year maintenance period. This contract does not involve any related party transactions and is not linked to the promoter group.
Oswal Pumps Limited has announced the receipt of a significant order from Karnataka Renewable Energy Development Limited for the supply and installation of solar agriculture pump sets. The order, valued at approximately Rs. 119.92 crore inclusive of GST, is part of the PM-KUSUM B Scheme. It involves the deployment of 214 surface solar agriculture pumps and 3,049 submersible solar agriculture pump sets across the state of Karnataka.
The financial terms of the order specify a total value of Rs. 119.92 crore. This amount includes all applicable taxes and is for the comprehensive execution of the project. The contract does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
The scope of the project includes the design, manufacture, supply, transport, installation, testing, and commissioning of solar agriculture pump sets. The pumps are specified in capacities of 3HP, 5HP, 7.5HP, and 10HP. The project also includes a complete system warranty, repair and maintenance services, and the integration of a Remote Monitoring System (RMS) for a period of five years. These systems will be installed at various farmer locations throughout Karnataka.
The timeline for the project mandates that the installation and commissioning of the solar pump sets, along with RMS integration, must be completed by March 31, 2026. The contract period extends up to five years from the date of installation and commissioning of the last pump set under this agreement. This timeline is in accordance with the stipulations set by the Ministry of New and Renewable Energy (MNRE).
Karnataka Renewable Energy Development Limited is a domestic entity focused on promoting renewable energy initiatives within the state. The organization plays a key role in implementing government schemes aimed at enhancing sustainable energy solutions.
Oswal Pumps Limited is a leading manufacturer of solar pumping systems in India. The company specializes in providing turnkey solutions for solar-powered and grid-connected submersible and monoblock pumps. With over two decades of experience in pump engineering, Oswal Pumps has established a strong presence in the renewable energy sector, supported by a robust distribution network and a commitment to high-quality project execution.