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Oswal Pumps Approves 1.2 GW Solar Cell Plant Using IPO Proceeds


10 October 2026
Oswal Pumps Ltd.

Board approved 1.2 GW greenfield solar cell plant at Karnal via wholly-owned Oswal Solar for captive use, redirecting Rs159.85 Cr unutilised IPO proceeds from frame/module/EVA plans, total cost Rs455.85 Cr by FY28, subject to shareholders. Context: first cell foray deepening backward integration.


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