29,961 Pumps Order Book: Solar Pumps Manufacturer Wins Rs 442 Crore Solar Pump Project Under PM-KUSUM Scheme

Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) aims to promote solar energy usage in agriculture with a target of adding 30,800 MW of solar capacity, backed by central financial support of Rs 34,422 crore. Initially scheduled for completion by 2022, the scheme’s deadline has been extended till March 2026 due to delays caused by the pandemic.

Under this initiative, Oswal Pumps Limited has secured a significant order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing solar-powered water pumping systems across the state. The company received a Letter of Empanelment/Letter of Award for the supply and installation of 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The project is valued at approximately Rs 442 crore (including GST) and will be executed within one year under the PM-KUSUM B Scheme “Magel Tyala Saur Krishi Pump” Yojna.

The scope of work covers design, manufacture, supply, transport, installation, testing, and commissioning of SPWPS units of 3HP, 5HP, and 7.5HP capacities. These systems will be installed at identified farmers’ sites across Maharashtra. The contract also includes a complete system warranty, repair and maintenance services, and a Remote Monitoring System (RMS) for five years.

Advertisement:

25% OFF on DSIJ's Tiny Treasure

While the Letter of Award is valid for one year, installation is required to be completed within 60 days from the issuance of the Notice to Proceed (NTP), Work Order, or Joint Site Report (JSR) approval. The order was awarded by a domestic entity, MSEDCL.

As of July 31, 2025, Oswal Pumps had an order book of 29,961 pumps worth Rs 700–800 crore. With the government actively advancing the rollout of the PM-KUSUM scheme, the company anticipates strong order inflows in the coming quarters.

On Wednesday, Oswal Pumps’ share price rose over a 6.4per cent to hit an intraday high of Rs 819. At 3:32 pm IST, it closed at Rs 803.95 per share, up by 4.48per cent. The company got listed on June 20, 2025, and since then, the stock has surged over 28 per cent to new record highs.

Disclaimer: The article is for informational purposes only and not investment advice.