Oswal Pumps Secures ₹442 Crore Solar Pump Project in Maharashtra; Share Price in Focus

Oswal Pumps Limited has received a Letter of Empanelment and Letter of Award from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order involves supplying and installing 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM-KUSUM B Scheme’s “Magel Tyala Saur Krishi Pump” Yojana. 

As per the filing, the contract is valued at around ₹442 crore, including GST, and will be executed within one year.

Project Scope And Details

The scope covers design, manufacture, supply, transportation, installation, testing, and commissioning of SPWPS units in 3HP, 5HP, and 7.5HP capacities. The systems will be installed at identified farmers’ sites across Maharashtra. The contract also includes a five-year warranty, repair and maintenance services, and a Remote Monitoring System (RMS). Installation must be completed within 60 days of the issuance of a Notice to Proceed, Work Order, or Joint Site Report approval.

Link to PM-KUSUM Scheme

The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was launched in 2019 to promote solar energy in agriculture. It aims to add 30,800 MW of solar capacity with central financial support of ₹34,422 crore. The scheme’s initial 2022 completion target was extended to March 2026 due to delays caused by the pandemic, as per news report.

Execution Timeline and Terms

The order from MSEDCL is domestic and does not fall under related party transactions. The Letter of Award is valid for one year. Installation timelines are set at 60 days from the issuance of required approvals, ensuring rapid deployment once work begins.

Read more: ₹77,800 Crore Marked As Difficult-To-Recover Dues In SEBI’s FY25 Annual Report!

Oswal Pumps Share Price Performance 

As of 11:03 AM on August 14, 2025, Oswal Pumps share price was trading at ₹791.95, down ₹12.00 or 1.49% from the previous day's close price.

Conclusion

The ₹442 crore project is part of the company’s efforts to expand solar-powered irrigation systems in Maharashtra, supporting agricultural operations through renewable energy infrastructure. 

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