Oswal Pumps gets ₹236 crore MSEDCL order for 10,000 solar pumps

Order win
Solar pumps manufacturing

Blacklitt Research30 October 20262 min read

Rows of ground-mounted solar panels on metal frames across a field with patches of snow, with a red building behind. — Wikideas1, via Wikimedia Commons (CC0). Illustrative image.

Oswal Pumps (NSE: OSWALPUMPS) has received an additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) worth ₹235.92 crore including GST, for 10,000 off-grid solar pumping systems, it said in a filing on 30 Oct 2026. The work must be executed within 60 days under the PM Kusum B scheme.

Key highlights

Order value: ₹235.92 crore including GST
Quantity: 10,000 off-grid DC solar pumping systems
Execution period: within 60 days of the Notice to Proceed or Work Order
Warranty and Remote Monitoring System: 5 years

The order in numbers

Item	Detail
Awarded by	Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Entity type	Domestic
Value	₹235.92 crore approx., including GST
Quantity	10,000 off-grid DC solar photovoltaic water pumping systems
Pump capacity	3 HP, 5 HP and 7.5 HP
Scope	Design, manufacture, supply, transport, installation, testing and commissioning, with complete system warranty and repair and maintenance
Monitoring	Remote Monitoring System for 5 years
Execution period	Within 60 days from the Notice to Proceed or Work Order
Scheme	PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojana

Order size and scope

The filing says Oswal Pumps has received communication from MSEDCL for an additional 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems, with a total value of ₹235.92 crore approx. including GST.

The work covers design, manufacture, supply, transport, installation, testing and commissioning of 3 HP, 5 HP and 7.5 HP systems at identified farmer sites in districts of Maharashtra. The scope also includes a complete system warranty, repair and maintenance, and a Remote Monitoring System for 5 years.

A repeat order under the PM Kusum B scheme

The press release dated 30 Oct 2026 calls this a repeat order and describes the company's long-standing association with MSEDCL. The order sits under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojana.

Vivek Gupta, Chairman and Managing Director, said institutional partners continue to place confidence in the company's capabilities. He said Maharashtra remains a key market for the company and that the company is committed to timely execution.

What the order means for Oswal Pumps' shareholders

The order is worth ₹235.92 crore against a market value of ₹2,392 crore at the 29 Oct 2026 close of ₹209.85 a share. In Q1 FY27 the company reported consolidated total income of ₹481.68 crore, down 6.5% year on year, and net profit of ₹54.14 crore, down 42.8%.

The filing does not say how much revenue or profit the order will add, when that revenue will be recognised, or the margin on the work. The next dated step is the 60-day execution period, which runs from the Notice to Proceed or Work Order, and the filing does not give that date.

Reference: Original filing (PDF)

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Oswal Pumps gets ₹236 crore MSEDCL order for 10,000 solar pumps

Key highlights

The order in numbers

Order size and scope

A repeat order under the PM Kusum B scheme

What the order means for Oswal Pumps' shareholders

Sign up to continue reading

Disclaimer:

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