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Jain Irrigation Wins Rs 117.96 Cr MSEDCL Solar Contract

By ThePip DeskJain Irrigation Wins Rs 117.96 Cr MSEDCL Solar Contract

Jain Irrigation Systems secures a Rs 117.96 crore MSEDCL contract to install 5,000 solar water pumps across Maharashtra. Stock sees positive movement.

Jain Irrigation Systems is trading up by 0.34 points at Rs. 30.58 on the BSE, marking a 1.12% increase from its previous close of Rs. 30.24. The counter has seen a trading volume of 252,339 shares after opening at Rs. 30.90.

Key Trading Metrics And Holding Data

The BSE group A stock with a face value of Rs. 2 reached a intraday high of Rs. 31.88 and a low of Rs. 30.25. Promoter holding stands at 26.68%, while institutions hold 11.78% and non-institutions hold 61.54%.

MSEDCL Contract Details And Scope

Jain Irrigation Systems has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company valued at Rs 117.96 crore inclusive of GST. The project covers 5,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the Magel Tyala Saur Krushi Pump Yojana.

The company will supply, install, test, and commission 3 HP, 5 HP, and 7.5 HP agricultural solar pumping systems across Maharashtra. Completion is scheduled within 60 days, strengthening its longstanding association with MSEDCL in the state solar irrigation sector.

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