Jain Irrigation Bags ₹135 Cr Solar Pump Order ☀️

Hey there, finance explorers! 👋 Let’s dive into some interesting news from the corporate world. Jain Irrigation Systems Limited (JISLDVREQS), a name you might recognize in the agriculture and irrigation space, has just announced a significant win that’s set to power up its order book.

The company has bagged a substantial work order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This isn’t just any order; it’s a key project under the ‘Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B Scheme,’ which aims to promote solar energy in agriculture.

So, what’s the deal? Jain Irrigation will be responsible for the design, manufacturing, supply, transport, installation, testing, and commissioning of a whopping 5,438 Off-Grid DC Solar Photovoltaic Water Pumping Systems. These systems come in various capacities – 3 HP, 5 HP, and 7.5 HP – designed to help farmers with their irrigation needs using clean, renewable energy.

The total value of this domestic order stands at a robust ₹135 crore, plus applicable GST. This is a big boost for the company, reinforcing its position in the renewable energy and agricultural infrastructure sectors. The project is slated for completion within the current financial year, FY 2025-26.

For those keeping an eye on the stock, JISLDVREQS was last traded at ₹30.15. This new order highlights the company’s continued efforts to secure large-scale projects and contribute to India’s green energy initiatives. It’s always exciting to see companies play a role in sustainable development while strengthening their business foundations! 🚀

source: Corporate Announcement

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