Oswal Pumps Limited — JV/Acquisition, 07-05-2026: Acquisition

Oswal Pumps' subsidiary, Oswal Solar Energy, has formed "Oswal Doon Baran Bundi Solar Projects Limited," a new step-down subsidiary. Oswal Solar holds a 60% stake with an initial investment of Rs 0.0006 Cr. This SPV targets a significant 33 MW rooftop solar project on government buildings in Rajasthan. This strategic move enhances Oswal's product portfolio, deepening its footprint in the renewable energy sector through EPC, development, and 25-year O&M of solar power projects under a Hybrid Annuity Mode. A clear push into green energy!