Oswal Pumps shares rose as much as 8.3 % to an intraday high of ₹296.35 on the National Stock Exchange on Wednesday, September 23, up from Tuesday’s closing price of ₹273.60. The surge followed the announcement that the company has secured an order from the Telangana Renewable Energy Development Corporation Limited (TGREDCO) to design, supply, install and commission on‑grid solar rooftop photovoltaic plants in 9,937 government schools across 33 districts of Telangana.

The project, valued at ₹273.19 crore excluding GST, will provide an aggregate capacity of 46,705 kW (46.7 MW). It will feature Mono Passivated Emitter and Rear Cell (PERC)/Tunnel Oxide Passivated Contact (TOPCON) solar modules, standard structures and remote monitoring systems. A regulatory filing confirms that the order also covers comprehensive maintenance for a five‑year period. The initiative is expected to support the adoption of renewable energy infrastructure across educational institutions in Telangana while contributing to the state’s broader clean energy objectives, the firm added.

Vivek Gupta, Chairman and Managing Director of Oswal Pumps Limited, said the order marks the company’s first major contract from Telangana and an important milestone in expanding its presence into new markets. He added that being selected as the successful bidder for a programme of this scale underscores the strength of the company’s technical and execution capabilities, and that the firm remains committed to delivering the project with a focus on quality, timely delivery and long‑term performance.

At around 11:00 AM, the scrip traded 5.94 % higher at ₹289.85 per equity share. Over the past week, shares have advanced more than 7 %, but they have fallen 3 % over the month. On a year‑to‑date basis, the stock has declined 45 %. The 52‑week high of ₹802.90 was reached on September 23, 2025, while the year’s low of ₹266.45 was recorded on September 16, 2026. Oswal Pumps has a total market capitalisation of ₹3,304.43 crore as of September 23, 2026, according to NSE data.

Oswal Pumps’ successful bid for the Telangana solar rooftop programme underscores its expanding footprint in renewable energy solutions. The ₹273.19‑crore contract, covering 46.7 MW across nearly ten thousand schools, will deploy advanced PERC/TOPCON modules and remote monitoring, with five‑year maintenance. The company’s market capitalisation stands at ₹3,304.43 crore, while its shares have seen a 7 % weekly rise, a 3 % monthly decline, and a 45 % year‑to‑date drop, despite hitting a 52‑week peak of ₹802.90 on September 23, 2025. The order aligns with Telangana’s clean‑energy agenda and highlights Oswal Pumps’ technical execution strength.