Synopsis: Oswal Pumps Ltd has secured a new order worth approximately Rs. 162 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for solar-powered agricultural pumping systems. The order strengthens the company’s renewable energy portfolio and comes at a time when the company is already witnessing strong financial growth.
Oswal Pumps Ltd is engaged in manufacturing pumps, motors, and solar pumping systems for agricultural and industrial applications. The company has steadily expanded its presence in the renewable energy segment through government-backed solar irrigation projects. The company mainly focuses on solar-powered pumping solutions, which are increasingly gaining demand due to rising adoption of renewable energy in the agriculture sector.
Oswal Pumps Ltd is currently trading around Rs. 417 up by 1.80% compared to previous close of Rs. 410.25, with a market capitalization of nearly Rs. 4,760 crore. The stock witnessed positive momentum after the order announcement, gaining nearly 2% intraday. The company has also maintained healthy operational performance in recent quarters, supported by strong execution and rising demand for solar irrigation infrastructure.
The company announced that it has received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the “Magel Tyala Saur Krushi Pump Yojna.” The contract includes the design, manufacture, supply, transport, installation, testing, and commissioning of 6,869 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS).
The estimated value of the order stands at approximately Rs. 162.06 crore, including GST. The project includes solar water pumping systems in 3 HP, 5 HP, and 7.5 HP capacities, which will be installed across identified farmer locations in Maharashtra.
The company will also provide a five-year warranty and repair & maintenance support through a Remote Monitoring System (RMS). According to the company, the installation work is expected to be completed within 60 days from the date of issuance of the work order.
The company reported revenue of Rs. 507.7 crore, registering a robust 33.4% year-on-year growth. Net profit during the quarter stood at Rs. 91.6 crore, reflecting a healthy 13.9% YoY increase. Operating profit came in at Rs. 127.1 crore, while operating margins remained strong at more than 25%, highlighting stable operational efficiency.
The Rs. 162 crore solar pump order further strengthens Oswal Pumps’ position in India’s growing renewable irrigation market. With improving financial performance, healthy margins, and rising government focus on solar-powered agriculture infrastructure, the company appears well-positioned for future growth.
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