Oswal Pumps Ltd receives empanelment letter from MSEDCL

Oswal Pumps Limited has received Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for additional 6,500 Off-Grid DC Solar Photovoltaic Water Pumping Systems ('SPWPS') which is to be executed within 1 (One) year under the PM Kusum B Scheme "Magel Tyala Saur Krishi Pump" Yojna. The total value of 6,500 SPWPS is Rs. 180 Crore approx. (including GST).

The order involves Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems ('SPWPS') of 3HP, 5 HP & 7.5 HP capacity at identified farmer's site in District of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System ('RMS') for 5 years under PM Kusum B Scheme "Magel Tyala Saur Krushi Pump" Yojana.

Shares of Oswal Pumps Limited was last trading in BSE at Rs. 530.75 as compared to the previous close of Rs. 534.85. The total number of shares traded during the day was 14413 in over 590 trades.

The stock hit an intraday high of Rs. 544.20 and intraday low of 528.00. The net turnover during the day was Rs. 7720144.00.

Source : Equity Bulls

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