Oswal Pumps Bags 63 MW Rooftop Solar Orders Under PM Surya Ghar Scheme in Bihar

Oswal Pumps Bags 63 MW Rooftop Solar Orders Under PM Surya Ghar Scheme in Bihar Photograph: (Archive)

Oswal Pumps Ltd has secured three Letters of Award (LoAs) from North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) for the development of 63 MW of grid-connected rooftop solar projects under the PM Surya Ghar: Muft Bijli Yojana in Bihar.

The projects will be implemented under the CAPEX-plus-RESCO Utility-Led Aggregation (ULA) model and cover rooftop solar installations across the Motihari, Saharsa and Ara circles. The contracts involve deployment of rooftop solar systems for 57,492 consumers and mark a significant expansion of the company's presence in the distributed solar segment.

According to the company's regulatory filing, the aggregate installation value of the orders is approximately Rs 247 crore, with an additional long-term revenue potential of around Rs 257 crore from energy supply over a 10-year period under the RESCO model. The combined revenue opportunity exceeds Rs 500 crore.

The scope of work includes design, engineering, procurement, manufacturing quality assurance, installation, testing, commissioning, project financing and integration with Bihar DISCOMs' centralized monitoring systems. The contracts also include mandatory operations and maintenance of the rooftop solar systems for 10 years after commissioning.

The projects are scheduled to be commissioned within nine months from the execution of the respective power purchase agreements (PPAs), the company said.

Commenting on the development, Vivek Gupta, Chairman and Managing Director of Oswal Pumps, said the award represents a significant step in the company's efforts to strengthen its position in the distributed solar market while diversifying beyond its traditional PM-KUSUM-driven business.

The company said the projects are expected to support residential rooftop solar adoption under the Centre's flagship PM Surya Ghar programme, with each beneficiary household expected to receive approximately 15,000 units of solar power over the contract period, helping reduce dependence on grid electricity and lower energy costs.

The latest order comes as distribution companies increasingly adopt aggregation-based rooftop solar models to accelerate deployment under PM Surya Ghar, which aims to expand residential solar installations across the country. Listed on the stock exchanges in 2025, Oswal Pumps is a vertically integrated manufacturer of solar pumps, electric motors and solar modules, with a growing presence in India's renewable energy sector.