Oswal Pumps Limited has secured three Letters of Award (LOAs) from North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL) for 63 MW of grid-connected rooftop solar projects worth approximately Rs 247 crore. Awarded under the PM Surya Ghar – Muft Bijli Yojana, the orders cover 57,492 consumer installations across the Motihari, Saharsa, and Ara circles in Bihar. The project presents a cumulative revenue opportunity exceeding Rs 500 crore, combining the installation value with an estimated long-term revenue potential of Rs 257 crore from energy supply over a 10-year tenure.

The projects will be executed under the CAPEX plus RESCO model, encompassing design, engineering, procurement, installation, commissioning, financing, and 10-year operations and maintenance. The scope includes manufacturer's quality assurance, factory testing, transportation, handling, storage, erection, and all civil, structural, electrical, and general works. Additionally, the contract mandates the provision for data acquisition with communication facilities to the centralized monitoring system of Bihar DISCOMs.

Project Details and Financials

The aggregate installation order value is approximately Rs 247 crore. The projects are to be commissioned within 9 months from the execution of the respective Power Purchase Agreements (PPAs). The scope also includes the operation and maintenance of the rooftop solar systems for a period of 10 years from commissioning. The following table summarises the key project parameters:

Strategic Impact

This development reinforces Oswal Pumps' strategic diversification towards large-scale residential rooftop solar deployment under the PM Surya Ghar initiative. It marks a shift from the company's traditionally strong PM Kusum portfolio, enhancing long-term revenue visibility through annuity-style RESCO income streams. Under the programme, each beneficiary household is expected to receive approximately 15,000 units of solar power over the contract period.

Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated that the award represents a pivotal milestone for scaling participation in the PM Surya Ghar programme. He highlighted that the move underscores the company's execution capabilities and diversifies revenue streams beyond PM Kusum, supporting India's transition toward clean, decentralised energy.

oswal pumps has scheduled a meeting with analysts and institutional investors on June 12, 2026. The company disclosed this event in a regulatory filing submitted on June 09, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

The meeting is part of the InsightX 2026 Choice Virtual Conference, organized by Choice Institutional Equities. The session will be conducted virtually, allowing participants to engage with the company's officials regarding publicly available information.

Event Details

The following table outlines the specific details of the scheduled meeting:

The company noted that discussions during the event will rely on publicly available information. Oswal Pumps also indicated that changes to the schedule may occur due to exigencies on the part of the participants or the company.