Oswal Pumps Secures ₹297 Crore Telangana Solar Order
Oswal Pumps Secures ₹297 Crore Telangana Solar Order
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Key Points
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The rooftop systems will be offered in three specified capacities: 2 kW, 5 kW and 10 kW, depending on the schools’ requirements.
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Oswal Pumps Chairman and Managing Director Vivek Gupta called the contract the company’s first major order from Telangana and said the selection demonstrated its technical and execution capabilities.
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The company said the awarding entity has no interest from Oswal Pumps’ promoters or group companies, and that the contract therefore does not constitute a related-party transaction.
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In trading details reported after the announcement, Oswal Pumps shares reached an intraday high of ₹282.15 and a low of ₹273.60; 23,452 shares changed hands across 542 trades on the BSE.
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Oswal Pumps said it has more than two decades of experience in solar-pump manufacturing and turnkey solar-pumping systems, supported by a pan-India distribution network.
Oswal Pumps has won a major contract to build solar power systems at nearly 10,000 government schools across Telangana. The company will design, supply, and install 46.7 megawatts of rooftop solar capacity for ₹297.5 crore, including taxes, according to CNBC TV18. The project marks Oswal Pumps' first large order from the state and demonstrates its ability to handle massive public-sector renewable-energy deals.
Oswal Pumps shares jumped as much as 8% after the announcement, climbing to ₹282.15 intraday on the BSE, Business Today reported. The company must complete installation within 180 days and provide five years of maintenance. Chairman Vivek Gupta called the win proof of the company's technical and execution strength.
Solar Systems Tailored to School Sizes
The rooftop systems come in three power sizes to match each school's needs. Schools will receive either 2 kW, 5 kW, or 10 kW solar arrays, depending on their roof space and electricity demand, Renewable Watch said. The systems will use advanced Mono PERC and TOPCon solar modules, which convert sunlight to electricity more efficiently than older types.
All 9,937 schools across Telangana's 33 districts will get remote monitoring equipment. This technology lets Oswal Pumps track system performance in real time and spot problems before they cause downtime. The setup ensures schools maintain steady power for classrooms and administrative buildings.
Stock Market Rewards Major Public-Sector Win
Oswal Pumps shares rose 5% to 6% in early trading after the company announced the contract, Udaipur Kiran reported. The stock hit an intraday high of ₹282.15 and a low of ₹273.60 on the BSE. Trading volume reached 23,452 shares across 542 separate trades, showing solid investor interest in the company's growth.
The share surge reflects confidence in Oswal Pumps' ability to execute the massive project. Investors view the Telangana contract as validation of the company's two-decade track record in solar-pump manufacturing and nationwide distribution strength.
Contract Details and Independent Award Process
The total contract value is ₹297.5 crore including 18% GST, or ₹273.19 crore before taxes, Trade Brains confirmed. The order comes from Telangana Renewable Energy Development Corporation, the state's renewable-energy authority. Oswal Pumps said the corporation has no financial ties to its promoters or group companies, meaning the deal was awarded on merit alone.
The contract requires Oswal Pumps to deliver full installation within 180 days of receiving the formal work order. After that, the company must provide five years of routine maintenance, repairs, and performance monitoring. The scope demonstrates the state's commitment to powering schools with clean, sustainable energy while reducing long-term electricity costs.
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