Oswal Pumps shares jump over 6% after ₹247 crore solar panel order update

Oswal Pumps share price jumped more than 6% during the early market hours on Monday, June 15, after the company announced that they have secured a ₹247 crore solar panel order from the North Bihar Power Distribution Company Ltd and South Bihar Power Distribution Company Ltd, as per an exchange filing.

Shares of Oswal Pumps surged 6.8% to ₹425.30 during Monday's stock market session, compared with ₹398.20 at the previous market close, as per the NSE data.

As per the NSE filing, both entities awarded the project to Oswal Pumps to build a 63 megawatt (MW) grid-connected rooftop solar project across Bihar under the PM Surya Ghar-Muft Bijli Yojana.

Oswal Pumps will install 57,492 consumer installations across the Motihari, Saharsa, and Ara circles to strengthen its presence beyond its traditionally strong PM Kusum portfolio.

“Under the programme, each beneficiary household is expected to receive approximately 15,000 units of solar power over the contract period, significantly lowering dependence on grid supply while delivering sustained savings in energy costs,” the company said in the NSE filing.

Vivek Gupta, the Chairman and MD of Oswal Pumps, said that the order update also marks a strategic shift towards diversifying revenue streams as the firm commits to delivering high-quality installations and supporting India’s transition toward clean, decentralised energy.

₹500 crore revenue potential?

With this order under the PM Surya Ghar Yojana, Oswal Pumps also disclosed that the company is set to record an additional ₹257 crore of potential long-term revenues over the next 10 years for energy supply under the RESCO model.

This potential revenue of ₹257 crore, combined with the order value of ₹247 crore, gives the company an opportunity to earn around ₹504 crore from the solar panel project, according to the NSE filing.

In its Q4 investors' presentation, the company highlighted that it has open and upcoming orders of 1,546 MW, with a pipeline of 220 MW and an order book of 13 MW as of March 31, 2026, under the rooftop solar business.

How have Oswal Pumps shares performed?

Oswal Pumps shares closed 6.8% higher at ₹398.20 after the trading session on Friday, compared to ₹372.65 at the previous market close, according to NSE data. The company announced the order book update on Sunday evening, June 14.

Shares of Oswal Pumps have lost over 23% so far in the calendar year 2026, but the company’s stock has gained 3.7% in the past one month, as per the exchange data. The shares were trading 0.7% higher over the last five market sessions.

The company’s stock surged to its 52-week high of ₹888.40 on August 21, 2025, while the 52-week low was at ₹283.10 on March 16, 2026. Oswal Pumps’ market capitalisation (m-cap) was at ₹4,553 crore as of the stock market close last week on Friday, June 12.