Oswal Pumps bags Bihar rooftop solar projects worth over Rs 500 cr under PM Surya Ghar scheme
Mumbai, June 15 -- The company said the contracts were awarded by North Bihar Power Distribution Company (NBPDCL) and South Bihar Power Distribution Company (SBPDCL) and cover 57,492 consumer installations across the Motihari, Saharsa and Ara circles.
The projects comprise an installation order value of around Rs 247 crore and are expected to generate an additional Rs 257 crore in revenue from energy supply over a 10-year period. The cumulative revenue opportunity from the projects exceeds Rs 500 crore.
The development strengthens Oswal Pumps' presence beyond its traditional PM Kusum-linked business and supports its strategy to diversify into large-scale residential rooftop solar deployment under the PM Surya Ghar programme.
The compan...
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