Announces Major Strategic Shift into Solar Cell Manufacturing
Oswal Pumps Limited · OSWALPUMPS · NSE ·
• The company's subsidiary, Oswal Solar, will enter a new business line: manufacturing solar cells. • Proposes to re-purpose <b>INR 1,598.50 million</b> from unutilised IPO proceeds to fund the new project. • Plans to set up a <b>1.2 GW solar cell plant</b> in Karnal, Haryana, pr…