Oswal Pumps gains on securing LoA worth Rs 119.92 crore
The company has received LoA from Karnataka Renewable Energy Development
Oswal Pumps is currently trading at Rs. 462.10, up by 5.30 points or 1.16% from its previous closing of Rs. 456.80 on the BSE.
The scrip opened at Rs. 456.05 and has touched a high and low of Rs. 477.15 and Rs. 456.00 respectively. So far 16395 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 889.45 on 21-Aug-2025 and a 52 week low of Rs. 450.95 on 13-Jan-2026.
Last one week high and low of the scrip stood at Rs. 516.15 and Rs. 450.95 respectively. The current market cap of the company is Rs. 5256.07 crore.
The promoters holding in the company stood at 75.67%, while Institutions and Non-Institutions held 13.17% and 11.15% respectively.
Oswal Pumps has received the Letter of Award (LoA) from Karnataka Renewable Energy Development for 214 Surface Solar Agriculture Pumps Set and for 3049 Submersible Solar Agriculture Pump Sets for the entire state of Karnataka under Component‐B of PM‐KUSUM scheme. The total value of 3,263 pumps is around Rs 119.92 crore (inclusive of GST).
The order encompasses the design, manufacture, supply, installation, testing, and commissioning of solar water pumping systems in 3 HP, 5 HP, 7.5 HP, and 10 HP capacities. These systems will be installed at identified farmers’ locations across the state of Karnataka, supporting sustainable irrigation and promoting the adoption of renewable energy in the agricultural sector.
This order further strengthens Oswal Pumps’ position as a leading player in the solar pumping solutions segment and reflects the Company’s strong execution capabilities, manufacturing expertise, and commitment to India’s renewable energy and rural development initiatives.
Oswal Pumps manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, which it sells under the ‘Oswal’ brand.

