Latest news with #PM-KUSUMYojana
Economic Times
16-06-2025
- Business
- Economic Times
Demand is massive & supply is limited, we're here to fill that gap: Oswal Pumps top brass on Industry Landscape
Q. The ₹1,387 crore issue of Oswal Pumps Limited has hit the markets. Can you briefly walk us through your business and its model? Vivek Gupta: Q. Let's talk numbers. How has Oswal Pumps performed financially? Subodh Kumar: Live Events Q. What about your future plans? Any expansion on the cards? Vivek Gupta: Q. What differentiates Oswal Pumps from other players in the Indian market? Vivek Gupta: Q. How has the solar and pump manufacturing industry evolved over the last five years? And is Oswal focusing more on domestic or global markets? Vivek Gupta: Q. As of now, Oswal Pumps exports to about 22 countries, including Australia, Bangladesh, and Dubai. Any plans to expand further? Vivek Gupta: Q. How will the IPO proceeds be utilised? Vivek Gupta: ₹360 crore will go into capital expenditure for capacity enhancement and automation at Oswal Pumps. will go into capital expenditure for capacity enhancement and automation at Oswal Pumps. ₹260 crore will be invested in our 100% subsidiary, Oswal Solar, to scale solar module manufacturing from 0.6 MW to 2.1 GW. We'll also set up backward integration facilities — aluminium extrusion, EVA backsheet, JB box, and packaging plants. will be invested in our 100% subsidiary, Oswal Solar, to scale solar module manufacturing from 0.6 MW to 2.1 GW. We'll also set up backward integration facilities — aluminium extrusion, EVA backsheet, JB box, and packaging plants. ₹330 crore will be used to repay working capital debt, making Oswal Pumps a completely debt-free company . will be used to repay working capital debt, making Oswal Pumps a . The remaining ₹190 crore will be allocated towards general corporate purposes and working capital. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Oswal Pumps is a diversified water pump manufacturing company. We produce a wide range of pumps, from industrial and domestic to agriculture-based off-grid pumps, as well as solar pumps. What sets us apart is our strong backward integration, we manufacture pump motors, controllers, and even solar modules and structures operate in both the private and government sectors. Under the PM-KUSUM Yojana, we directly supply to government agencies and EPC players. We're also expanding into specialized segments like helical pumps, boiler feed pumps, PCB pumps, and chemical integration helps us maintain control over quality and cost, ensuring robust margins. It also positions us strongly in both the domestic and export of March 31, 2024, we recorded total revenue of ₹758 crore. For the nine months ended December 31, 2024, revenue stood at approximately ₹1,650 crore — a significant year-on-year gross margins improved from 35% (FY24) to 45% during the nine-month period. PAT margins also increased from 13% to 20%, reflecting strong operational efficiency and With this IPO, we aim to scale up our production capacity, especially in the solar pumps segment, which is growing rapidly. The government's goal to support over 8 crore farmers under the PM-KUSUM scheme creates immense market plan to expand our backward-integrated operations to better serve both government and private sector now, the market is vast and largely untapped. Only about 7.5 lakh solar pumps have been installed so far across India, so there's plenty of headroom for all said, our deep backward integration, end-to-end manufacturing capabilities, and experience give us a unique edge. We focus heavily on profitability and sustainability, which allows us to remain competitive in a cost-sensitive solar pump market in India has seen exponential growth. But while there are nearly 2,000 players in the pump sector, organised, semi-organised, and unorganised, very few have the advanced technology required for solar pumps. Oswal is among the top few with end-to-end solar pump manufacturing we're focused on both domestic and international markets. Exports and pan-India sales have grown by over 70–80% recently. And we plan to deepen our global footprint but with caution. While we export to over 20 countries currently, our priority is fulfilling strong demand in the Indian market. Our export lead times are longer — about 80–90 days — due to domestic supply said, once we expand capacity post-IPO, we aim to aggressively enter new geographies, particularly in Europe, the Americas, and other high-potential are raising ₹890 crore through a fresh issue. Here's the breakdown:
Time of India
16-06-2025
- Business
- Time of India
Demand is massive & supply is limited, we're here to fill that gap: Oswal Pumps top brass on Industry Landscape
STORY Oswal Pumps Limited, a leading manufacturer of water and solar pumps in India, has launched its ₹1,387 crore initial public offering. In an exclusive conversation with ET's Neha Vashishth, Chairman & MD Vivek Gupta and CFO Subodh Kumar lay out the company's expansion roadmap, financial performance, and what sets them apart in a rapidly growing solar pump industry. With operations spanning motors, controllers, and solar modules, the company is betting big on rural electrification, exports, and government schemes like PM-KUSUM. 'We're not just raising capital, we're expanding our family,' says Gupta, urging retail investors to be a part of Oswal's next growth phase. Excerpts: Q. The ₹1,387 crore issue of Oswal Pumps Limited has hit the markets. Can you briefly walk us through your business and its model? Vivek Gupta: Oswal Pumps is a diversified water pump manufacturing company. We produce a wide range of pumps, from industrial and domestic to agriculture-based off-grid pumps, as well as solar pumps. What sets us apart is our strong backward integration, we manufacture pump motors, controllers, and even solar modules and structures in-house. We operate in both the private and government sectors. Under the PM-KUSUM Yojana, we directly supply to government agencies and EPC players. We're also expanding into specialized segments like helical pumps, boiler feed pumps, PCB pumps, and chemical pumps. This integration helps us maintain control over quality and cost, ensuring robust margins. It also positions us strongly in both the domestic and export markets. Q. Let's talk numbers. How has Oswal Pumps performed financially? Subodh Kumar: As of March 31, 2024, we recorded total revenue of ₹758 crore. For the nine months ended December 31, 2024, revenue stood at approximately ₹1,650 crore — a significant year-on-year growth. Live Events Our gross margins improved from 35% (FY24) to 45% during the nine-month period. PAT margins also increased from 13% to 20%, reflecting strong operational efficiency and profitability. Q. What about your future plans? Any expansion on the cards? Vivek Gupta: Absolutely. With this IPO, we aim to scale up our production capacity, especially in the solar pumps segment, which is growing rapidly. The government's goal to support over 8 crore farmers under the PM-KUSUM scheme creates immense market potential. We plan to expand our backward-integrated operations to better serve both government and private sector demands. Q. What differentiates Oswal Pumps from other players in the Indian market? Vivek Gupta: Right now, the market is vast and largely untapped. Only about 7.5 lakh solar pumps have been installed so far across India, so there's plenty of headroom for all players. That said, our deep backward integration, end-to-end manufacturing capabilities, and experience give us a unique edge. We focus heavily on profitability and sustainability, which allows us to remain competitive in a cost-sensitive market. Q. How has the solar and pump manufacturing industry evolved over the last five years? And is Oswal focusing more on domestic or global markets? Vivek Gupta: The solar pump market in India has seen exponential growth. But while there are nearly 2,000 players in the pump sector, organised, semi-organised, and unorganised, very few have the advanced technology required for solar pumps. Oswal is among the top few with end-to-end solar pump manufacturing capability. Currently, we're focused on both domestic and international markets. Exports and pan-India sales have grown by over 70–80% recently. And we plan to deepen our global footprint further. Q. As of now, Oswal Pumps exports to about 22 countries, including Australia, Bangladesh, and Dubai. Any plans to expand further? Vivek Gupta: Yes, but with caution. While we export to over 20 countries currently, our priority is fulfilling strong demand in the Indian market. Our export lead times are longer — about 80–90 days — due to domestic supply commitments. That said, once we expand capacity post-IPO, we aim to aggressively enter new geographies, particularly in Europe, the Americas, and other high-potential markets. Q. How will the IPO proceeds be utilised? Vivek Gupta: We are raising ₹890 crore through a fresh issue. Here's the breakdown: ₹360 crore will go into capital expenditure for capacity enhancement and automation at Oswal Pumps. ₹260 crore will be invested in our 100% subsidiary, Oswal Solar , to scale solar module manufacturing from 0.6 MW to 2.1 GW. We'll also set up backward integration facilities — aluminium extrusion, EVA backsheet, JB box, and packaging plants. ₹330 crore will be used to repay working capital debt, making Oswal Pumps a completely debt-free company . The remaining ₹190 crore will be allocated towards general corporate purposes and working capital.
Business Standard
12-06-2025
- Business
- Business Standard
SEPC bags solar power project of Rs 650 cr
SEPC has received a Letter of Award for an EPC Contract worth Rs 650 crore from Parmeshi Urja, Kolkata. (a subsidiary of India Power Corporation, Kolkata). The contract involves the Design, Engineering, Supply, Installation, Testing, and Commissioning (EPC) of a 133 MW Solar Power Project, including all associated civil and structural works. It will span four districts in MaharashtraSambhaji Nagar, Dhule, Solapur, and Nandedand is being implemented under the PM-KUSUM Yojana, a flagship initiative of the Government of India promoting solar energy for agricultural and rural development. The execution timeline is expected to range between 12 to 18 months from the start of the project. This significant order represents a strategic milestone for SEPC, marking its re-entry into India's rapidly growing renewable energy sector, building on its past experience in Wind Energy, Biomass power and Thermal power. This nearly doubles its domestic order book.
Business Upturn
12-06-2025
- Business
- Business Upturn
SEPC secures Rs 650 crore solar EPC contract from Parmeshi Urja
By Aman Shukla Published on June 12, 2025, 15:55 IST SEPC Limited (NSE: SEPC | BSE: 532945), a leading player in the Engineering, Procurement, and Construction (EPC) space, has been awarded a prestigious contract worth ₹650 crore by Parmeshi Urja Ltd, a Kolkata-based subsidiary of India Power Corporation Limited. The project entails the full EPC scope — including Design, Engineering, Supply, Installation, Testing, and Commissioning — of a 133 MW Solar Power Project. The solar infrastructure will be spread across four key districts in Maharashtra: Sambhaji Nagar, Dhule, Solapur, and Nanded. This green energy initiative falls under the Government of India's PM-KUSUM Yojana, which aims to boost solar adoption for agricultural and rural development. With an estimated execution timeline of 12 to 18 months, the project is a strategic leap for SEPC, marking its return to the renewable energy sector. The company, known for its past projects in Wind, Biomass, and Thermal power, is poised to deliver high-quality, large-scale infrastructure solutions. This major order almost doubles SEPC's domestic order book and strengthens its portfolio across the renewable energy domain. It also reinforces SEPC's commitment to supporting India's clean energy mission and showcases its expertise in executing technically complex infrastructure projects across multiple regions. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
&w=3840&q=100)
Business Standard
12-06-2025
- Business
- Business Standard
SEPC wins ₹650 crore EPC contract for 133 MW solar project in Maharashtra
Engineering solutions provider SEPC on Thursday said it has bagged a Rs 650-crore order to set up solar capacities totalling 133 MW in Maharashtra. The company has received a letter of award from Parmeshi Urja Ltd, Kolkata, for EPC solar power projects at 26 locations in four districts of Maharashtra, it said in a statement. The scope of work involves the design, engineering, supply, installation, testing, and commissioning of plant and equipment, including civil and structural works for a 133 MW Solar Power Project, to be implemented across four districts in Maharashtra -- Sambhaji Nagar, Dhule, Solapur, and Nanded, as per the statement. The project is part of the PM-KUSUM Yojana, a central government scheme aimed at promoting solar energy for agricultural and rural use. The execution timeline is expected to be 12 to 18 months from the commencement date. The total value of the order is Rs 650 crore, the company said. The company is focused on providing turnkey solutions in power, water infrastructure and process & metallurgy.
