Oswal Pumps Share Price Gains Over 6% on Securing Order Worth ₹380 Crore from MSEDCL

On December 11, 2025, Oswal Pumps Limited announced the receipt of a significant contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL).  

This order involves the supply and installation of 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems, valued at approximately ₹380 crore, including GST. 

Details of the Order from MSEDCL 

The contract awarded by MSEDCL to Oswal Pumps is under the PM Kusum B Scheme, specifically the “Magel Tyala Saur Krishi Pump” Yojna.  

The project involves the design, manufacture, supply, transport, installation, testing, and commissioning of solar water pumping systems with capacities of 3HP, 5HP, and 7.5HP. These systems will be installed at designated farmer sites across Maharashtra. 

The contract includes a comprehensive system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for 5 years.  

The Letter of Empanelment/Letter of Award is valid for 1 year, with installation to be completed within 60 days from the issuance of the necessary approvals. 

Financial and Commercial Aspects 

The total value of the contract is approximately ₹380 crore, inclusive of GST. This substantial order highlights Oswal Pumps' capability in executing large-scale renewable energy projects.  

The company has confirmed that there is no interest from the promoter group or related parties in the entity awarding the contract, ensuring an arm's length transaction. 

Read More: GK Energy Secures ₹366.63 Crore Contract for Solar Pump Installations Across Maharashtra! 

Oswal Pumps Share Price Performance  

As of December 11, 2025, at 3:09 PM, Oswal Pumps share price on NSE was trading at ₹529.70 up by 6.24% from the previous closing price. 

Conclusion 

Oswal Pumps' acquisition of this ₹380 crore contract from Maharashtra State Electricity Distribution Company Limited marks a significant milestone in the company's portfolio. The project aligns with national efforts to boost renewable energy use in agriculture, showcasing Oswal Pumps' role in this transformative initiative. 

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