Oswal Pumps Wins ₹119.92 Crore Solar Pump Order in Karnataka

Oswal Pumps Strengthens Renewable Energy Footprint

Oswal Pumps Ltd., a leading manufacturer of solar and agricultural pumping solutions, has announced a landmark order from Karnataka Renewable Energy Development Limited (KREDL). The order, valued at ₹119.92 crore, will see the company design, manufacture, supply, and install solar-powered agriculture pumps across the state under the PM-KUSUM B scheme.

Key Highlights

• Order Value: ₹119.92 crore (inclusive of GST).
• Scope: Supply and installation of 214 surface solar pumps and 3,049 submersible solar pumps.
• Capacities: Systems ranging from 3 HP to 10 HP.
• Execution Timeline: Completion by March 31, 2026, with a five-year warranty and remote monitoring system.
• Strategic Impact: Expands Oswal’s geographic footprint in Karnataka and strengthens its role in India’s renewable energy programs.
• Management Comment: CMD Vivek Gupta highlighted this as a milestone project, reinforcing Oswal’s execution capabilities and market penetration.

Outlook
The order underscores Oswal Pumps’ growing presence in solar irrigation solutions, aligning with India’s push for sustainable agriculture and renewable energy adoption.

Sources: Company filing to BSE & NSE, Oswal Pumps Ltd. Press Release