Oswal Solar Energy Private Limited, a wholly-owned subsidiary of Oswal Pumps, has secured a major order valued at approximately ₹39.40 Crore (including GST). The contract is for the supply, installation, and commissioning of 7.46 MWp Grid Connected Rooftop Solar (RTS) plants for 3,729 SC & ST consumers in Andhra Pradesh. This win marks the company’s strategic entry into the massive PM Surya Ghar: Muft Bijli Yojana scheme, solidifying its role in India’s renewable energy transition.
Oswal Subsidiary Wins Key Solar Project
Oswal Pumps Limited announced on March 02, 2026, that its wholly owned subsidiary, Oswal Solar Energy Private Limited (formerly Oswal Solar Structure Private Limited), has successfully received a significant order. The contract, awarded by M/s Swashakthi Energy, is for the execution of 7.46 MWp Grid Connected Rooftop Solar (RTS) Plants.
The total commercial consideration for the order is approximately Rs. 39.40 Crore, inclusive of GST. The entity awarding the order, M/s Swashakthi Energy, secured the project through the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP) under the PM – Surya Ghar: Mufti Bijli Yojana.
Scope and Strategic Importance
The comprehensive scope of work for Oswal Solar Energy includes the Design, Engineering, Supply, Installation, Testing & Commissioning of the total 7.46 MWp capacity. Crucially, the contract also includes a five-year Comprehensive Maintenance Contract (CMC) for Operation & Maintenance (O&M).
These systems are slated for installation across 3,729 SC & ST Consumers in the Pulivendula and Puttaparthy divisions under APSPDCL in Andhra Pradesh.
The contract period associated with the order is up to five years from the date of installation and commissioning of the rooftop systems.
Company Outlook
Mr. Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, stated that this order is an important milestone, positioning the company to participate actively in the Government of India’s flagship PM Surya Ghar: Muft Bijli Yojana. This entry into the rooftop solar segment is seen as a strategic step to deepen market penetration and capitalize on the enhanced budget allocation for the scheme.
Company Credentials Summary
Annexure ‘A’ Details
- Awarding Entity: M/s Swashakthi Energy (Domestic entity).
- Capacity: 7.46 MWp Grid Connected Rooftop Solar (RTS) Plants.
- Duration: Up to five years for Installation & Commissioning, plus 5 years of O&M.
- Consideration: Rs. 39.40 Crore approx. (including GST).
- Related Party Transaction: No interest of promoter/group companies in the awarding entity, and the transaction is not a related party transaction.
Oswal Pumps Limited maintains strong credentials, being an ISO 9001 Certified Company and listed under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers (ALMM).
Source: BSE
