Oswal Pumps Reports Strong Growth in Solar Pumps and Rooftop Solar Projects Amid PM KUSUM 2.0 Expectations
Oswal Pumps has executed over 90,000 solar pumps and holds an order book of over 24,500 pumps as of January 31, 2026. The company is set to benefit from government schemes like PM KUSUM and is expanding into rooftop solar projects, securing a ₹39.40 crore contract for 7.46 MWp rooftop systems. The next phase of PM KUSUM is expected to be announced by April 2026, with an allocation of ₹5,000 crore. Oswal is also increasing manufacturing capacity and developing new pump models to support future demand.
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Oswal Pumps has executed over 90,000 solar pumps by January 31, 2026, with an order book exceeding 24,500 pumps and an additional pipeline of over 25,000. Growth is supported by programs such as PM KUSUM and the Magel Tyala Scheme, despite recent payment delays due to funding procedural issues.
The next phase of PM KUSUM is expected to be announced by April 2026 with an allocation of ₹5,000 crore. Oswal is expanding manufacturing capacity, aiming to increase solar module capacity by 1.5 GW by FY27. The company has secured a ₹39.40 crore rooftop solar project, marking its entry into this segment and benefiting households under the PM Surya Ghar initiative.
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