Announced Thu, 17 Sept, 2026 · 13:41 IST
Jain Irrigation gets Rs 117.96 cr solar pump empanelment from MSEDCL
JISLDVREQS · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹20.71
prior close
₹21.51
base price
In-mkt
timing
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AI summary
Jain Irrigation Systems received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 5,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems in Maharashtra. The order, valued at Rs 117.96 crore inclusive of GST, covers 3 HP, 5 HP and 7.5 HP systems under the Magel Tyala Saur Krushi Pump Yojana. Work must be completed within 60 days. The order is domestic and not a related party transaction.
Likely market impact
Adds new state-backed revenue for the solar pump business; tight 60-day execution timeline makes timely delivery key to realising the full value.