Stories
Oswal Pumps Shares Soar 7% on ₹297 Crore Telangana Solar Order Win
- •Oswal Pumps Ltd. shares surged up to 7% after securing a ₹297 crore order from Telangana Renewable Energy Development Corporation Limited.
- •The order involves designing, supplying, installing, and commissioning 2 kW, 5 kW, and 10 kW on-grid solar rooftop PV power plants across 9,937 government schools in 33 Telangana districts.
- •The project has an aggregate capacity of 46.7 MW and includes Mono PERC/TOPCon solar modules, RMS, and five years of comprehensive maintenance.
- •This marks Oswal Pumps' first major order from Telangana, supporting renewable energy infrastructure in educational institutions.
- •The announcement ended a two-day losing streak for the stock, despite a significant year-to-date decline.
Key Questions Answered
Oswal Pumps secured a ₹297 crore order from the Telangana Renewable Energy Development Corporation Limited to design, supply, install, and commission on-grid solar rooftop PV power plants across 9,937 government schools in 33 districts. The 46.7 MW aggregate project also includes comprehensive maintenance for five years.
The order announcement caused Oswal Pumps shares to surge up to 7% in intraday trade on Wednesday, September 23, helping the company break a two-day losing streak and post its biggest single-day gain in over a month.
The project includes the deployment of Mono PERC or TOPCon solar modules alongside normal structures and RMS remote monitoring systems. Mono PERC modules typically provide 20–22% efficiency, while TOPCon panels represent an advanced technology designed to improve on older module designs.
