Oswal Pumps Secures ₹297.50 Crore Telangana Solar Order; Shares Rise 6.69%

Mumbai, September 23: Oswal Pumps has received a Letter of Intent from Telangana Renewable Energy Development Corporation Limited (TGREDCO) for a ₹297.50 crore rooftop solar project covering 46.7 MW across 9,937 government schools in Telangana.

Oswal Pumps Gets 46.7 MW Telangana Solar Project

According to the exchange filing, the order covers the design, supply, installation and commissioning of 2 kW, 5 kW and 10 kW on-grid rooftop solar photovoltaic systems across government schools in 33 districts of Telangana.

The project has an aggregate capacity of 46,705 kW and involves the deployment of Mono PERC and TOPCon solar modules with normal structures and RMS. The scope also includes comprehensive maintenance for five years.

The regulatory disclosure puts the broad consideration at approximately ₹297.50 crore, including GST. The installation work is scheduled to be completed within 180 days from the date of receipt of the Work Order.

Stock Market Snapshot

Oswal Pumps shares were trading at ₹291.90 as of 9:22 AM IST on September 23, 2026, up ₹18.30, or 6.69%, according to the market data shown.

The stock opened around the ₹288 level before moving higher during the early session. It touched the ₹294 zone before easing slightly and was quoted at ₹291.90 at the latest available time.

The Oswal Pumps share price was therefore up 6.69% as the company disclosed the Telangana rooftop solar order.

Project Covers 9,937 Government Schools

The Telangana project will involve rooftop solar installations across 9,937 government schools spread across 33 districts. The company will handle the project from design and supply through installation and commissioning.

The scope includes different system capacities of 2 kW, 5 kW and 10 kW, depending on the requirement at individual locations. Oswal Pumps will also provide comprehensive maintenance for five years.

Oswal Pumps said the project is expected to support the adoption of renewable energy infrastructure across educational institutions in Telangana and contribute to the state’s wider clean-energy objectives.

Oswal Pumps Expands Solar Business

Oswal Pumps is a vertically integrated solar pump manufacturer with operations spanning pump engineering and manufacturing, solar-powered pumping systems and related renewable energy products.

According to the company, it has established a presence across solar-powered and grid-connected submersible pump systems, electric motors and solar modules. Its products are marketed under the Oswal brand, with the company also holding certifications including ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015.

The company said its distribution network covers India and its international presence is also expanding, with products serving agricultural, residential and industrial customers.

Conclusion

Oswal Pumps has secured a ₹297.50 crore Letter of Intent from TGREDCO for a 46.7 MW rooftop solar project across 9,937 government schools in Telangana.

The project includes design, supply, installation, commissioning and five years of comprehensive maintenance, with execution targeted within 180 days from receipt of the Work Order. Oswal Pumps shares were trading at ₹291.90, up 6.69%, as of 9:22 AM IST on September 23, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/OSWALPUMPS/Oswal-Pumps-Limited
• https://nsearchives.nseindia.com/corporate/OSWALPUMPS_23092026085715_SELetterTREDCLOrderOPL23092026.pdf