Oswal Pumps Share Price Up Over 5%; Bags ₹297.50 Crore Solar Rooftop PV Order in Telangana

Oswal Pumps Limited has received a Letter of Intent from Telangana Renewable Energy Development Corporation Limited (TGREDCO) for a solar rooftop project covering 9,937 government schools across Telangana, as per a filing dated September 23, 2026.  

The project will span 33 districts and has an aggregate capacity of 46,705 kW, or 46.7 MW.  

Order Includes Installation and Maintenance 

The order covers the design, supply, installation and commissioning of 2 kW, 5 kW, and 10 kW on-grid solar rooftop PV plants.  

The systems will use Mono PERC/TOPCON solar modules with normal structures and RMS. Oswal Pumps will also provide comprehensive maintenance for five years.  

Order Value Stands at ₹297.50 Crore 

The company disclosed the order value at approximately ₹297.50 crore, including GST. The accompanying company press release gives the quoted project value as ₹273.19 crore, excluding GST.  

The order was awarded by TGREDCO, a domestic entity, according to the regulatory filing.  

Installation Deadline Set at 180 Days 

The installation work is required to be completed within 180 days from the date of receiving the Work Order. The project is therefore structured around a defined execution period, followed by five years of comprehensive maintenance for the installed systems.  

First Major Order from Telangana 

Oswal Pumps said the project marks its first major order from Telangana. The company manufactures solar pumps, electric motors, and solar modules, and provides turnkey solar pumping systems. It has more than two decades of experience in pump engineering and manufacturing.  

The company is also listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM). Its operations cover agricultural, residential and industrial requirements through a pan-India distribution network.  

Read More: Royal Orchid Hotels Share Price in Focus; Expands with New Regenta Hubballi in Karnataka! 

Oswal Pumps Share Price Performance  

As of September 23, 2026, 12:25 pm, Oswal Pumps share price was trading at ₹288.90, a 5.59% increase from the previous closing price. 

Conclusion 

The Telangana project adds a 46.7 MW rooftop solar installation programme to Oswal Pumps’ order book. The work will cover 9,937 government schools, with installation due within 180 days of the Work Order. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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. 

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