BSECompany Update2d ago · 23 Sept 2026, 08:54 am
As per attached intimation letter.
Oswal Pumps Ltd · 544418
✦ AI Summary▲ PositiveOrder Win
Oswal Pumps Ltd has received a Letter of Intent from Telangana Renewable Energy Development Corporation Ltd for a ₹297.50 Crore order to design, supply, install, and commission 2kW, 5kW, and 10kW on-grid solar rooftop PV power plants across 9937 government schools in Telangana.
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Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Oswal Pumps Ltd - 544418 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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September 23, 2026
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex
Dalal Street Bandra (East)
Mumbai – 400 001 Mumbai – 400051
Scrip Code: 544418 Name of Scrip: OSWALPUMPS
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘Listing Regulations’) - Awarding of Order
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Company has received
Letter of Intent from Telangana Renewable Energy Development Corporation Limited (“TREDCL”) for
Design, Supply, Installation and Commissioning of 2kW, 5kW, 10 Kw on grid solar roof top PV power
plant for an aggregate capacity of 46,705 kW for 9937 nos. government schools with
MONOPERC/TOPCON solar modules with normal structure with RMS in 33 districts with 5 years’
comprehensive maintenance in state of Telangana. The total value for 9937 nos. government schools is
Rs. 297.50 Crore approx. (including GST).
In this respect, information as required under the Listing Regulations and the SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided under
Annexure ‘A’.
Further, please also find enclosed Press Release dated September 23, 2026 in this behalf, being issued
by the Company for dissemination to the public.
You are requested to take the same on records.
Thanking you,
Yours faithfully,
For Oswal Pumps Limited
Anish Kumar
Company Secretary and Compliance Officer
Encl.: As above
Annexure A
S. No. Particulars Details
1. Name of the entity awarding Telangana Renewable Energy Development
the order(s)/contract(s) Corporation Limited
2. Whether order(s) / contract(s) Domestic entity
have been awarded by domestic/
international entity
3. Significant terms and conditions Design, Supply, Installation and Commissioning of
of order(s)/contract(s) awarded, 2kW, 5kW, 10 kW on grid solar roof top PV power
in brief plant for an aggregate capacity of 46,705 kW for
9937 nos. government schools with
MONOPERC/TOPCON solar modules with normal
structure with RMS in 33 districts with 5 years
comprehensive maintenance in state of Telangana.
4. Time period if any, associated The Installation is to be completed within 180 days
with the order(s)/contract(s) from the date of receiving of Work Order.
5. Broad commercial consideration Rs. 297.50 Crore approx. (including GST)
or size of the order(s)/contract(s)
6. Whether the promoter/ promoter No
group / group companies have
any interest in the entity that
awarded the order(s)/
contract(s)? If yes, nature of
interest and details thereof
6. Whether the order(s)/contract(s) No
would fall within related party
transactions? If yes, whether
the same is done at “arm’s
length”
Oswal Pumps Wins ₹273.19 Crore Order from TGREDCO for 46.7 MW Rooftop Solar Project Across 9,937 Government
Schools in Telangana
Karnal, Haryana, 23rd September 2026: Oswal Pumps Limited is pleased to announce that it has secured
an order from the Telangana Renewable Energy Development Corporation Limited (TGREDCO) for the
design, supply, installation and commissioning of 2 kW, 5 kW and 10 kW on-grid solar rooftop PV power
plants across 9,937 government schools in 33 districts of Telangana.
The project covers an aggregate capacity of 46,705 kW (46.7 MW) and includes the deployment of Mono
PERC/TOPCON solar modules, along with normal structures, RMS and comprehensive maintenance for a
period of five years. The total quoted value stands at ₹273.19 crore, excluding GST.
The project is expected to support the adoption of renewable energy infrastructure across educational
institutions in Telangana while contributing to the state's broader clean energy objectives.
Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited,
said
“We are pleased to secure this order from TGREDCO for the development of 46.7 MW of rooftop solar
capacity across 9,937 government schools in Telangana. This marks our first major order from Telangana
and an important milestone in expanding Oswal Pumps’ presence into new markets. Being selected as the
successful bidder for a programme of this scale underscores the strength of our technical and execution
capabilities.
We remain committed to delivering this project with a strong focus on quality, timely delivery and long-
term performance, and look forward to establishing a presence in Telangana while contributing to the
State’s clean energy goals.”
About Oswal Pumps Limited
Oswal Pumps is one of India’s fastest-growing, vertically integrated solar pump manufacturer. With a
legacy of over two decades in pump engineering and manufacturing, the Company is a fully integrated
provider of turnkey solar pumping systems. It has established a strong presence across solar-powered and
grid-connected submersible and monoblock pumps, electric motors, and solar modules—all marketed
under the trusted ‘Oswal’ brand. The Company is accredited with 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 strong pan-India distribution network, growing international footprint across countries, and a
focused design and engineering team, Oswal Pumps continues to cater to the diverse requirements of end-
users in the agricultural, residential and industrial sectors.
For further information, please contact:
Vijay Kumar Yadav
Chief Financial Officer
Email: vijay.yadav@oswalpumps.com