Oswal Pumps

Oswal Pumps secured a Letter of Award from North Bihar Power Distribution Company for 20 MW of grid-connected rooftop solar projects across 18,089 consumer sites in Darbhanga, Bihar, under the PM Surya Ghar scheme. The installation order was valued at about ₹78 crore including GST, while the 10-year RESCO energy-supply arrangement carried estimated revenue of ₹67 crore, for a total opportunity of about ₹145 crore. The projects were to be commissioned within nine months of execution of the respective PPAs and included 10 years of operation and maintenance. It followed the company's June award for 63 MW of Bihar rooftop projects, which carried ₹247 crore of installation value and ₹257 crore of annuity revenue over 10 years.

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Oswal Pumps received a Letter of Award from North Bihar Power Distribution Company to set up 20 MW of grid-connected rooftop solar projects for 18,089 consumers in Darbhanga under the PM Surya Ghar scheme. The installation award was worth about ₹78 crore including GST, with commissioning due within nine months of signing the respective PPAs and operation and maintenance for 10 years. Under the CAPEX-plus-RESCO model, the company estimated ₹67 crore of energy-supply revenue over the tenure, taking the stated cumulative revenue opportunity to about ₹145 crore. The award followed a ₹247 crore installation order from Bihar DISCOMs in June for 63 MW of rooftop solar projects; Oswal Pumps reported FY26 revenue of ₹2,064 crore.

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Aug 13 (Reuters) - Oswal Pumps Ltd OSWP.NS:

• GETS LOA FOR ORDER WORTH ABOUT 780 MILLION RUPEES

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Oswal Pumps Ltd announced on July 4 that it received an additional order from Maharashtra State Electricity Distribution Company Limited for 10,000 off‑grid solar water pumps under the PM Kusum B scheme, valued at ₹235.92 crore inclusive of GST. The contract covers design, supply, installation, testing, commissioning and a five‑year maintenance warranty for 3 HP, 5 HP and 7.5 HP systems at farmer sites across Maharashtra, with completion required within 60 days of the work order. This repeat award reflects strong customer confidence and significantly boosts the company's cumulative solar pump order book, cementing its role as a key partner in India's large‑scale solar irrigation programmes.

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Oswal Pumps Ltd said it received three Letters of Award from North Bihar Power Distribution Company Limited and South Bihar Power Distribution Company Limited to set up 63 MW of grid-connected rooftop solar projects across the Motihari, Saharsa, and Ara circles in Bihar under the PM Surya Ghar – Muft Bijli Yojana. The aggregate installation order is valued at approximately ₹247 crore, with an additional estimated long-term revenue potential of ₹257 crore from energy supply over a 10-year period under the RESCO model, bringing the total revenue opportunity to over ₹500 crore. The projects cover 57,492 consumer installations and are to be commissioned within nine months of signing the respective power purchase agreements, followed by a mandatory 10-year operation and maintenance period.

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May 6 (Reuters) - Oswal Pumps Ltd OSWP.NS:

• OSWAL PUMPS LTD - RECEIVES LOE FOR 6,869 SPWPS FROM MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY

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March 2 (Reuters) - Oswal Pumps Ltd OSWP.NS:

• RECEIVES ORDER VALUED AT 394 MILLION RUPEES

Source text: ID:nNSEbHhG9z

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Jan 8 (Reuters) - Oswal Pumps Ltd OSWP.NS:

• ADDRESSES OBSERVATIONS IN CIRCULATING REPORT

• COMPANY CONFIDENT IN INTEGRITY OF FINANCIAL REPORTING

Source text: ID:nNSE7KN2pM

Further company coverage: OSWP.NS

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** Indian solar pumps maker Oswal Pumps OSWP.NS jumps 4.3% to 640.3 rupees on first day of trading

** Stock opened at 634 rupees vs issue price of 614 rupees; co valued at ~$843 million

** IPO consists of fresh share issue worth 8.9 billion rupees, sale of 8.1 million existing shares

** IPO was subscribed 34.42 times, driven by qualified institutional buyers subscribing by 88.08x

** "We believe the IPO offers attractive entry for medium- to long-term investors seeking exposure to the confluence of agri-infrastructure and clean energy," said Gaurav Garg, research analyst at Lemonn Markets Desk

** Proceeds from fresh issue to fund co's capex plans, set up units in Haryana state, trim co and subsidiary's debt

(Reporting by Manvi Pant in Bengaluru)

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