JOURNAL ARTICLE

Oswal Pumps to invest Rs 270-cr in solar module expansion.

  • Published In: Project Reporters, 2025. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The article focuses on Oswal Pumps' plans to utilize Rs 270 crore from its Rs 1,387 crore Initial Public Offering (IPO) to enhance its solar module manufacturing capacity and implement backward integration. The investment will be made through its subsidiary, Oswal Solar Structures, which currently operates a 600 MW solar module production facility. Chairman and Managing Director Vivek Gupta outlined that Rs 360 crore will be allocated for capital expenditure, with specific amounts designated for modernizing existing facilities and expanding solar production capabilities. Additionally, the company benefits from the PM Kusum Scheme, which supports solar pump installations in off-grid areas. The IPO includes a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497 crore by the promoter. [Extracted from the article]

Additional Information

  • Source:Project Reporters. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:185951089
  • Copyright Statement:Copyright of Project Reporters is the property of OmniEarth Pvt. Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.