Oswal Pumps Limited has received a Letter of Award (LoA) from North Bihar Power Distribution Company Limited (NBPDCL) for the development of 20 MW of grid-connected rooftop solar projects. The project involves installing 1.1 kW capacity plants for 18,089 consumers in the Darbhanga Circle, under the PM Surya Ghar – Muft Bijli Yojana. The total value of this significant order is approximately ₹78 crore.
Significant Rooftop Solar Project Awarded
Oswal Pumps Limited announced on August 13, 2026, that it has secured a substantial contract from North Bihar Power Distribution Company Limited (NBPDCL). The award encompasses the design, supply, and installation of 20 MW of grid-connected rooftop solar capacity across 18,089 consumer sites in the Darbhanga Circle of Bihar. This initiative is part of the government’s ‘PM Surya Ghar – Muft Bijli Yojana’ (PMSG-MBY) scheme.
Project Scope and Commercial Value
Each rooftop solar plant will have a capacity of 1.1 kW. The projects are to be executed under the CAPEX Plus RESCO mode within the Utility-Led Aggregation (ULA) model. The total commercial consideration for this order, including GST, is approximately ₹78 crore. The company anticipates a long-term revenue potential of approximately INR 67 Crore from energy supply over a 10-year tenure under the RESCO model.
Timeline and Operational Scope
The projects are mandated to be commissioned within 9 months from the execution of the respective Power Purchase Agreements (PPAs). Following commissioning, the scope includes the operation and maintenance of these rooftop solar systems for a period of 10 years. This award builds upon Oswal Pumps’ earlier successes in Bihar and reinforces its growing presence in the national solar energy program.
Company Outlook
Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, expressed pleasure over the award, highlighting Bihar’s importance as a market and NBPDCL’s continued confidence in the company’s capabilities. He stated that the company looks forward to commencing execution, aligning with its commitment to India’s clean energy transition.
Source: BSE
