Oswal Pumps zooms on winning 63 MW rooftop solar projects under PM Surya Ghar-Muft Bijli Yojana
Oswal Pumps is currently trading at Rs. 431.15, up by 32.80 points or 8.23% from its previous closing of Rs. 398.35 on the BSE.
The scrip opened at Rs. 419.95 and has touched a high and low of Rs. 435.00 and Rs. 415.60 respectively. So far 96075 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 889.45 on 21-Aug-2025 and a 52 week low of Rs. 283.05 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 435.00 and Rs. 371.40 respectively. The current market cap of the company is Rs. 4827.54 crore.
The promoters holding in the company stood at 75.67%, while Institutions and Non-Institutions held 7.45% and 16.88% respectively.
Oswal Pumps has secured 63 MW of grid-connected rooftop solar projects across Bihar under the PM Surya Ghar - Muft Bijli Yojana. This marks a decisive step in the company’s expansion into the distributed rooftop solar segment, strengthening its presence beyond its traditionally strong PM Kusum portfolio. The orders, awarded by North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL), cover 57,492 consumer installations across the Motihari, Saharsa, and Ara circles.
The projects comprise an installation order value of around Rs 247 crore, along with an estimated long-term revenue potential of Rs 257 crore from energy supply over a 10-year tenure, translating into a cumulative revenue opportunity exceeding Rs 500 crore. This development reinforces the company’s strategic diversification towards large-scale residential rooftop solar deployment under the PM Surya Ghar initiative, reducing reliance on PM Kusum-led demand and enhancing the company’s long-term revenue visibility through annuity-style RESCO income streams.
Under the programme, each beneficiary household is expected to receive around 15,000 units of solar power over the contract period, significantly lowering dependence on grid supply while delivering sustained savings in energy costs. The projects will be executed under the CAPEX plus RESCO model, with end-to-end scope including design, engineering, procurement, installation, commissioning, financing, and 10-year operations and maintenance. All installations are expected to be commissioned within nine months from PPA execution.
