Oswal Pumps has received a Letter of Award (LoA) from North Bihar Power Distribution Company (NBPDCL) for the design, supply, and installation of 20 MW of grid-connected rooftop solar capacity across 18,089 consumer sites of 1.1 kW each in the Darbhanga Circle of Bihar, under the PM Surya Ghar - Muft Bijli Yojana (PMSG-MBY). The award builds on the company's earlier order wins in the state and reinforces its expanding presence under the programme.
The projects carry an installation order value of around Rs 78 crore, with an estimated long-term revenue potential of around Rs 67 crore from energy supply over a 10-year tenure under the RESCO model, translating into a cumulative revenue opportunity of around Rs 145 crore. Each beneficiary household is expected to receive around 15,000 units of solar power over the contract period.
Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the ‘Oswal’ brand.
