Jain Irrigation Systems Limited has informed the Exchange about Bagging/Receiving of orders/contracts
JISLDVREQS · price
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Awaiting price reaction for this filing.
Jain Irrigation Systems has received a work order worth ₹135 crore (plus GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order covers design, manufacture, supply, installation, testing, and commissioning of 5,438 off-grid DC solar photovoltaic water pumping systems (3 HP, 5 HP, and 7.5 HP). The project is part of the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B Scheme and is to be completed within FY 2025-26. The order is a domestic, non-related-party transaction awarded by a state government entity.
This is a positive development, reinforcing JISL's order book in the solar agri-pump segment backed by a government scheme. While ₹135 crore is a notable addition, it represents a modest share of the company's overall revenue, so it may provide a sentiment boost rather than a sharp re-rating of the stock.