Oswal Pumps Limited has received a significant order under the Government of India’s PM-KUSUM scheme, reinforcing its position in the solar-powered agricultural equipment segment.
The order, awarded by Karnataka Renewable Energy Development Limited, marks a key expansion for the company in southern India.
The company has been awarded a contract for the supply, installation and commissioning of 3,263 solar agriculture pump sets across Karnataka.
The order includes 214 surface solar pump sets and 3,049 submersible solar pump sets with capacities ranging from 3 HP to 10 HP. The total contract value stands at approximately ₹119.92 crore, inclusive of GST.
The scope of work covers end-to-end execution, including design, manufacturing, transportation, installation, testing and commissioning, along with a five-year warranty, repair and maintenance services, and integration of a remote monitoring system. All installations are scheduled to be completed by March 31, 2026, in line with MNRE timelines.
As per exchange filings, Mr Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, stated; “This Order represents the Company’s first major and comprehensive project in Karnataka, marking an important milestone in expanding its geographic footprint.
Oswal Pumps Limited is confident that successful execution of this project will further strengthen its presence in the state and enable deeper market penetration, paving the way for larger opportunities going forward.”
The project leverages Oswal Pumps’ vertically integrated manufacturing capabilities and established supply chain, supporting large-scale execution with after-sales service coverage over a five-year contract period.
The PM-KUSUM scheme continues to be a major driver for solar irrigation adoption in India, and this order aligns Oswal Pumps closely with the government’s renewable energy and rural development agenda.
The contract adds revenue visibility and underpins the company’s positioning in decentralised solar energy solutions for agriculture.
As of January 14, 2025, at 11:42 AM, Oswaal Pumps share price is trading at ₹464.40 per share, reflecting a surge of 1.82% from the previous closing price.
Read More: Oswal Pumps Share Price Gains Over 6% on Securing Order Worth ₹380 Crore from MSEDCL!
The ₹120 crore PM-KUSUM order enhances Oswal Pumps’ order book visibility, strengthens its renewable energy credentials, and supports long-term growth in the solar irrigation segment. Successful execution in Karnataka could open up further opportunities across other states under similar government-led programmes.
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Published on: Jan 14, 2026, 1:10 PM IST
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