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RAJIV GUPTA (SEBI RA)

9 mins ago · SEBI Registration INH300004858

Oswal Pumps received received Letter of Intent from TREDCL

OSWALPUMPS
OSWAL Pumps Ltd has been awarded order for Design, Supply, Installation and Commissioning of 2kW, 5kW, 10 Kw on grid solar roof top PV power plant for an aggregate capacity of 46,705 kW for 9937 nos. government schools with MONOPERC/TOPCON solar modules with normal structure with RMS in 33 districts with 5 years’ comprehensive maintenance in state of Telangana. The total value for 9937 nos. government schools is Rs. 297.50 Crore approx. (including GST). Commenting on the order, Mr. Vivek Gupta, Chairman and Managing Director, Oswal Pumps Limited, said “We are pleased to secure this order from TGREDCO for the development of 46.7 MW of rooftop solar capacity across 9,937 government schools in Telangana. This marks our first major order from Telangana and an important milestone in expanding Oswal Pumps’ presence into new markets. Being selected as the successful bidder for a programme of this scale underscores the strength of our technical and execution capabilities. Opinion : This will ahve immediate postive impact on the stock price. Disclaimer : I do not hold this stock . This is not a buy ,sell or hold recommendation on the stock

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