Shares of Oswal Pumps surged nearly 6% to Rs 422.85 during Monday's trading session after the company announced a major win under the Government of India's PM Surya Ghar – Muft Bijli Yojana. The company has secured 63 MW of grid-connected rooftop solar projects across Bihar, unlocking a cumulative revenue opportunity of more than Rs 500 crore.
According to the company's exchange filing, the projects carry an installation order value of approximately Rs 247 crore, while an additional long-term revenue potential of around Rs 257 crore is expected over 10 years through energy supply under the RESCO (Renewable Energy Service Company) model.
