On June 14, 2026, Oswal Pumps Limited announced that it has received orders to set up 63 MW of grid-connected rooftop solar projects in Bihar, as per the exchange filings.
These projects are part of the PM Surya Ghar - Muft Bijli Yojana, aimed at expanding the company's presence in the distributed rooftop solar segment.
Oswal Pumps has been awarded 3 Letters of Award (LOAs) by North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL).
The projects will cover 57,492 consumer installations across the Motihari, Saharsa, and Ara circles.
The installation order value is approximately ₹247 crore, with a long-term revenue potential of ₹257 crore over a 10-year period from energy supply under the RESCO model.
The projects will be executed under the CAPEX plus RESCO model, involving design, engineering, procurement, installation, commissioning, financing, and a 10-year operations and maintenance agreement.
All installations are expected to be commissioned within 9 months from the execution of the Power Purchase Agreements (PPAs).
This development marks a strategic shift for Oswal Pumps as it diversifies its revenue streams beyond its traditional PM Kusum portfolio.
The company aims to strengthen its position in the distributed solar ecosystem and support India's transition towards clean, decentralised energy.
Read More: Prozeal Green Energy Secures ₹2,000 Crore ONGC Order for 250 MW Wind Energy Project!
Oswal Pumps is a vertically integrated solar pump manufacturer in India, with over 20 years of experience in pump engineering and manufacturing.
The company offers 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 ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified and is listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM).
As of June 15, 2026, at 9:27 AM, Oswal Pumps share price on NSE is trading at ₹422.35, up by 6.22% from the previous closing price.
Oswal Pumps has secured 63 MW of rooftop solar projects in Bihar, valued at ₹247 crore, with a 10-year revenue potential of ₹257 crore. These projects are part of the PM Surya Ghar initiative, executed under the CAPEX plus RESCO model.
Track the stock market in Hindi. Visit Angel One News for the latest market trends, insights, and share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 15, 2026, 11:01 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
