Jain Irrigation Systems trades higher on getting Letter of Empanelment worth Rs 117.96 crore from MSEDCL
Jain Irrigation Systems is currently trading at Rs. 30.58, up by 0.34 points or 1.12%, from its previous closing of Rs. 30.24 on the BSE.
The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 31.88 and Rs. 30.25 respectively. So far 252339 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.90 on 18-Sep-2025 and a 52 week low of Rs. 26.13 on 17-Aug-2026.
Last one week high and low of the scrip stood at Rs. 31.88 and Rs. 28.56 respectively. The current market cap of the company is Rs. 2175.27 crore.
The promoters holding in the company stood at 26.68%, while Institutions and Non-Institutions held 11.78% and 61.54% respectively.
Jain Irrigation Systems has secured a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply and installation of 5,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. Valued at Rs 117.96 crore, inclusive of GST, the empanelment has been awarded under the Magel Tyala Saur Krushi Pump Yojana, a Maharashtra Government initiative aimed at promoting solar powered irrigation solutions for farmers.
Under the empanelment, the company will undertake the complete scope of work, including the design, manufacture, supply, transportation, installation, testing and commissioning of agricultural solar pumping systems of 3 HP, 5 HP and 7.5 HP capacities. The project is scheduled to be completed within 60 days. The latest empanelment further strengthens its longstanding association with MSEDCL in Maharashtra’s solar irrigation sector.
