Oswal Pumps Limited has secured a major order worth ₹119.92 crore from Karnataka Renewable Energy Development Limited (KREDL) for solar agriculture pump sets under the PM-KUSUM B scheme. This significant contract marks the company's first comprehensive project in Karnataka and represents a substantial expansion of its geographic footprint in India's renewable energy sector.

Order Details and Specifications

The comprehensive order encompasses 3,263 solar agriculture pump sets distributed across different categories and capacities:

Project Scope and Timeline

The project involves comprehensive services including design, manufacture, supply, transport, installation, testing, and commissioning of solar water pumping systems at identified farmer locations across Karnataka. The contract includes complete system warranty, repair and maintenance services, and Remote Monitoring System (RMS) integration for five years.

Strategic Significance

According to Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, this order represents the company's first major and comprehensive project in Karnataka, marking an important milestone in expanding its geographic footprint. The successful execution of this project is expected to strengthen the company's presence in the state and enable deeper market penetration.

The order underscores Oswal Pumps Limited's proven capabilities in executing large-scale solar pumping projects, supported by robust in-house manufacturing, established supply chain, and comprehensive installation and after-sales service network.

Company Background

Oswal Pumps Limited is positioned as one of India's fastest-growing, vertically integrated solar pump manufacturers with over two decades of experience in pump engineering and manufacturing. The company operates as a fully integrated provider of turnkey solar pumping systems and maintains a strong presence across solar-powered and grid-connected submersible and monoblock pumps, electric motors, and solar modules.

The company holds ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications and is listed under the Ministry of New and Renewable Energy's Approved List of Models and Manufacturers (ALMM). With a pan-India distribution network and growing international footprint, Oswal Pumps continues to serve diverse requirements across agricultural, residential, and industrial sectors.

Oswal Pumps Limited has secured a major contract award for the supply of solar pump sets, marking a significant business development for the company in the renewable energy sector.

Contract Details

The company has been awarded a substantial order that encompasses both volume and value milestones for its solar pumping solutions business.

Business Impact

This contract represents a considerable addition to Oswal Pumps Limited's order book, with the project spanning approximately two years for complete execution. The award demonstrates the company's capabilities in manufacturing and supplying solar-powered pumping solutions, which are increasingly in demand across agricultural and water management applications.

The substantial order value of ₹119.92 crores indicates the scale and importance of this project for the company's revenue pipeline. With over 3,200 units to be delivered, this contract showcases the company's production capacity and technical expertise in solar pump technology.

Project Timeline

The completion timeline extends to March 31, 2026, providing the company with a structured delivery schedule over the coming years. This extended timeline allows for systematic production planning and quality execution of the large-scale solar pump installation project.