Jain Irrigation wins Rs 117.96 crore solar pump order from MSEDCL

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AI summary

Jain Irrigation Systems has secured a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) worth Rs 117.96 crore for 5,000 solar pumps. The order covers design, supply and installation of 3HP, 5HP and 7.5HP off-grid solar pumps under the Magel Tyala Saur Krushi Pump Yojana, a Maharashtra government scheme, with completion within 60 days. The company has been working with MSEDCL since 2015 and has completed over 19,000 pumps in previous phases.

Likely market impact

Adds Rs 117.96 crore near-term revenue boost to solar pumps business; reinforces strong track record in state government solar projects.