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.