Jain Irrigation Systems Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Press Release - Jain Irrigation Secures ₹135 Crore Order for 5,438 Solar Pumps Under PM-KUSUM Phase II in Maharashtra".
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Awaiting price reaction for this filing.
Jain Irrigation Systems Limited has won a ₹135 crore (plus GST) order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to design, supply, install, and commission 5,438 off-grid DC solar water pumps of 3 HP, 5 HP, and 7.5 HP capacity across Maharashtra. The order is part of the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B Scheme, a government initiative promoting clean energy in agriculture. This is a Phase II follow-on to the Phase I work completed in December 2024, where the company installed 4,180 solar pumps worth ₹103 crore. The win reinforces Jain Irrigation's leadership in the solar-powered irrigation segment and adds to its order book from the renewable energy business.
Positive for the stock — a meaningful new government order strengthens revenue visibility from the solar pump segment and shows repeat business under the PM-KUSUM scheme. For shareholders, it signals continued demand and execution capability in the company's renewable energy vertical, though the order size (₹135 cr) is modest relative to JISL's overall ~USD 750 million (approx. ₹6,300+ cr) revenue base.