Sugs Lloyd, Oswal Pumps win Bihar rooftop solar orders worth Rs 804 crore
Sugs Lloyd Limited and Oswal Pumps Limited have announced receipt of Letters of Award (LOAs) from Bihar’s power distribution companies for grid-connected rooftop solar projects under the PM Surya Ghar – Muft Bijli Yojana, with a combined order value exceeding Rs 800 crore.
Sugs Lloyd said it has received an LOA from North Bihar Power Distribution Company Limited (NBPDCL) for setting up 16 MW of rooftop solar projects in the Chapra Circle. The order value is approximately Rs 56.57 crore, excluding Goods and Services Tax (GST).
The company said the projects are to be commissioned within nine months from signing of the Power Purchase Agreement (PPA). The contract period is 10 years from the Commercial Operation Date (COD).
Oswal Pumps orders
Oswal Pumps announced receipt of three LOAs from NBPDCL and South Bihar Power Distribution Company Limited (SBPDCL) for a cumulative capacity of 63 MW across the Motihari, Saharsa, and Ara Circles.
The company said the aggregate installation order value is approximately Rs 247 crore. It also estimated an additional long-term revenue potential of approximately Rs 257 crore over 10 years from energy supply under the Renewable Energy Service Company (RESCO) model, taking the cumulative revenue opportunity to over Rs 500 crore.
According to the company, the projects will cover 57,492 consumer installations.
Execution model
Both orders are being executed under the CAPEX plus RESCO mode under the Utility-Led Aggregation model. The scope of work includes design, procurement, installation, commissioning, financing, and operation and maintenance for 10 years.
All installations are expected to be commissioned within nine months from execution of the PPAs.
Oswal Pumps Chairman and Managing Director (CMD) Vivek Gupta said the award represents a strategic shift towards diversifying revenue streams beyond the company’s traditional PM Kusum portfolio.
The featured photograph is for representation only.
