Oswal Pumps Secures ₹247 Crore Rooftop Solar Orders Under PM Surya Ghar Scheme; Shares Rise 5.78% 

Mumbai, June 15: Oswal Pumps received three Letters of Award from North Bihar Power Distribution Company Ltd and South Bihar Power Distribution Company Ltd for rooftop solar projects with a cumulative capacity of 63 MW under the PM Surya Ghar Muft Bijli Yojana, according to a regulatory filing under SEBI (LODR) Regulations, 2015. 

The company stated that the projects will be executed under the RESCO model for setting up grid-connected rooftop solar systems across Motihari, Saharsa and Araria circles in Bihar. 

As per the disclosure, the aggregate installation order value stands at approximately ₹247 crore. The company also estimated an additional long-term revenue potential of around ₹257 crore over a 10-year period through energy supply under the RESCO framework. 

The scope of work includes design, engineering, procurement, manufacturing, testing, transportation, installation, commissioning and maintenance of rooftop solar systems. The projects also include operation and maintenance services for 10 years from commissioning. 

According to the filing, the rooftop solar systems are expected to be commissioned within nine months from execution of the respective power purchase agreements. 

The company said the projects involve installation of rooftop solar systems for 57,492 consumer installations across the identified Bihar circles. 

Stock Market Snapshot 

Oswal Pumps share price moved higher after the company announced the award of rooftop solar contracts under the PM Surya Ghar initiative. 

As of 9:49 AM IST on June 15, 2026, shares of Oswal Pumps Ltd were trading at ₹421.20 on the NSE, up 5.78% from the previous close of ₹398.20. 

The stock movement followed investor assessment of the company’s growing presence in distributed solar infrastructure and recurring revenue opportunities under the RESCO model. 

The Oswal Pumps share price also reflected broader market interest in renewable energy companies benefiting from government-backed solar deployment programes.  

Company Background 

Oswal Pumps Ltd operates in the pump manufacturing and renewable energy solutions segment with products spanning solar pumps, electric motors, submersible pumps and solar modules. 

The company has expanded its operations beyond agricultural solar pumping into rooftop solar deployment and distributed energy infrastructure projects. 

According to the company, it is an integrated manufacturer with design and engineering capabilities catering to agricultural, residential and industrial users. 

Oswal Pumps also participates in government-linked renewable energy programmes including PM Kusum and PM Surya Ghar initiatives aimed at increasing solar adoption across India. 

Conclusion 

The ₹247 crore rooftop solar project orders strengthen Oswal Pumps’ renewable energy execution pipeline and long-term revenue visibility. 

The additional annuity-style revenue potential under the RESCO model is expected to support recurring income generation over the next decade. Investors monitored the development amid continued growth in India’s distributed rooftop solar market and government-backed clean energy initiatives.  

Source: 

• https://www.nseindia.com/get-quote/equity/OSWALPUMPS/Oswal-Pumps-Limited 
• https://nsearchives.nseindia.com/corporate/OSWALPUMPS_14062026212015_SELetterPMSuryaGharOPL14062026.pdf