Oswal Pumps Limited has secured a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna. The order involves the supply and installation of 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems, valued at ₹162.06 crore, including GST.
The contract encompasses the design, manufacture, supply, installation, testing, and commissioning of solar water pumping systems with capacities of 3 HP, 5 HP, and 7.5 HP. These systems are set to be installed at designated farmers’ locations across Maharashtra, promoting sustainable irrigation and the use of renewable energy in agriculture.
The Letter of Empanelment for this project is valid for one year, with the installation to be completed within 60 days from the issuance of the Notice to Proceed or Work Order. This initiative is expected to benefit nearly 6,896 farming households by reducing their reliance on grid power and diesel-based irrigation, thereby lowering input costs and carbon footprints.
Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed satisfaction with the order, stating, “We are pleased to receive yet another order from Maharashtra State Electricity Distribution Company Limited under the ‘Magel Tyala Saur Krishi Pump’ Yojna. This continued trust from MSEDCL reaffirms our position as a preferred partner for large-scale solar water pumping solutions in the country and reflects our consistent delivery standards across previous engagements.”
Oswal Pumps is recognised as one of India’s fastest-growing solar pump manufacturers, with over two decades of experience in pump engineering and manufacturing. The company offers a comprehensive range of solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules. It is accredited with ISO certifications and is listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).