Jain Irrigation Systems Ltd

New Order Win

Jain Irrigation Systems Bags ₹118 Cr Order from Maharashtra State Electricity Distribution Company Limited

Jain Irrigation secured a ₹117.96 crore empanelment from MSEDCL for 5,000 solar pumps. The project is to be completed within 60 days under Maharashtra's solar irrigation scheme.

Value

₹118.0 Cr

From

Maharashtra State Electricity Distribution Company Limited (MSEDCL)

Execution

60 days

solar photovoltaic pumping systems

5000 solar pumps

Credit Rating

Jain Irrigation Systems Credit Rating

CRISIL reaffirmed JISL's BBB-/Negative ratings on bank loan facilities and NCDs. Rated bank facility size decreased after withdrawal of portions following no-dues certificates.

Price Movement Clarification

Jain Irrigation Systems Price Movement Clarification

Jain Irrigation Systems clarified that the recent spurt in its share trading volume is market-driven, stating no undisclosed material events exist.