Oswal Pumps Shares Rise 8% After ₹273 Crore Telangana Solar Order
Last Updated: 23rd September 2026 - 12:14 pm
Shares of Oswal Pumps rallied more than 8% on September 23rd after the company bagged an order worth ₹273.19 crore from Telangana Renewable Energy Development Corporation Ltd for setting up solar panels on rooftops of government schools in the state.
The stock opened at ₹289.55 on the BSE and moved up to reach an intraday high of ₹296.45. It hit an intraday low of ₹287.10.
The order entails the design, installation and commissioning of on-grid rooftop solar photo voltaic power plants at 9,937 government schools in 33 districts of Telangana.
The solar panel systems will be installed in 2 kW, 5 kW, 10 kW and their combined project capacity will be 46,705 kW or 46.7 MW.
The order also includes Mono PERC /TOPCon Solar panels, supporting structure, remote monitoring and five years of maintenance services.
The total quoted value of the project is ₹273.19 crore, excluding GST.
The contract marks Oswal Pumps’ first major order from Telangana.
The company said the project would support solar adoption across government educational institutions in the state and expand its presence in a new market.
The order comes at a time when the company has been adjusting to changes in the solar-pump business following delays around the PM-KUSUM 2 scheme.
Oswal Pumps has also been expanding into other segments of the solar sector, which includes the sale of solar panels through the PM Surya Ghar Muft Bijli Yojana.
For FY27, the revenue growth outlook for the firm remains unchanged at 20-25%, while the EBITDA margin outlook has been cut down from 20-25% to 15-17%.
The September 23 stock price movement was triggered by the announcement of the order from Telangana, which includes a 46.7 MW rooftop solar plant.
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