Jain Irrigation Systems Limited has informed the Exchange about Bagging/Receiving of orders/contracts
JISLJALEQS · price
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Jain Irrigation Systems has received a significant work order worth ₹135 crore (plus GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government entity. The order covers the design, manufacture, supply, installation, and commissioning of 5,438 off-grid DC solar photovoltaic water pumping systems in 3 HP, 5 HP, and 7.5 HP capacities. The project is part of the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B Scheme, a government initiative promoting solar-powered agricultural pumps. The entire order is to be executed within FY 2025-26. The order is domestic with no related party involvement.
This is a positive development, reinforcing the company's order book in the solar agri-pumping segment and validating its position in government-backed renewable energy programs. Execution within the current fiscal year means revenue recognition should flow through, though the order size (₹135 cr) is modest relative to JISL's overall turnover and unlikely to materially move the stock on its own.