Oswal Pumps Limited (OSWALPUMPS) — Announcement(2 announcements)

Oswal Pumps Limited announced it has received three Letters of Award from NBPDCL and SBPDCL for 63 MW of grid-connected rooftop solar projects under the PM Surya Ghar Muft Bijli Yojana in Bihar, covering 57,492 households across Motihari, Saharsa, and Ara. The projects represent approximately INR 247 crore in installation value with an estimated INR 257 crore in long-term revenue potential over 10 years, significantly expanding the company's distributed solar presence beyond its traditional PM Kusum portfolio and creating annuity-style revenue streams.

Oswal Pumps Limited announced the award of three Letters of Award from NBPDCL and SBPDCL for 63 MW of grid-connected rooftop solar projects under the PM Surya Ghar - Muft Bijli Yojana in Bihar. The projects involve an installation order value of approximately INR 247 crore and estimated long-term revenue potential of INR 257 crore over 10 years, creating a cumulative revenue opportunity exceeding INR 500 crore. The contracts cover design, engineering, installation, commissioning within nine months of PPA execution, and 10-year operations and maintenance. This strategic milestone marks Oswal Pumps' expansion into distributed rooftop solar beyond its traditional PM Kusum portfolio, enhancing revenue visibility through annuity-style RESCO streams and reducing reliance on legacy demand drivers.