Oswal Pumps Secures ₹297.50 Crore Telangana Solar Project, 9,937 Schools To Get Rooftop Power
Mumbai: Oswal Pumps has received a letter of intent for a rooftop solar project covering 9,937 government schools across 33 districts of Telangana. The project has a quoted value of Rs 273.19 crore excluding GST, according to the company’s September 23 press release. Its stock exchange filing puts the approximate contract value at Rs 297.50 crore including GST. The two figures reflect different…
Oswal Pumps has secured a significant rooftop solar project in Telangana, valued at ₹297.50 crore, which will provide power to 9,937 government schools across 33 districts. The project, valued at Rs 273.19 crore excluding GST, involves the installation of on-grid rooftop solar plants ranging from 2 kW to 10 kW, generating a total of 46.7 MW of solar capacity.
The systems will be equipped with Mono PERC or TOPCon solar modules, standard mounting structures, and remote monitoring systems, and will undergo five years of comprehensive maintenance. The installation is expected to be completed within 180 days of receiving the work order. This is Oswal Pumps' first major order from Telangana, and the company's Chairman and Managing Director, Vivek Gupta, emphasized their commitment to quality, timely delivery, and long-term performance of the systems.
Oswal Pumps is a manufacturer of solar pumping systems, submersible and monoblock pumps, electric motors, and solar modules, serving agricultural, residential, and industrial applications across India. The company's latest financials show an impressive 88.2% surge in FY25 income and an 187.3% increase in profit after tax (PAT).
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