Jain Irrigation bags ₹117.96 crore MSEDCL contract for solar pumps
Jain Irrigation Systems Limited received a Letter of Empanelment from MSEDCL for supplying and installing 5,000 Off-Grid Solar Photovoltaic Water Pumping Systems across Maharashtra. The contract is valued at ₹117.96 crore and is to be completed within 60 days.
The order value of ₹117.96 crore is substantial and is expected to contribute positively to the company's revenue and market presence in the solar pumping segment.
The company has secured a significant new order, which is a positive development for its business.
Jain Irrigation Systems Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 5,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra.
This empanelment, under the Magel Tyala Saur Krushi Pump Yojana, covers the design, manufacture, supply, transportation, installation, testing, and commissioning of 3 HP, 5 HP, and 7.5 HP solar pumping systems. The total value of this contract is ₹117.96 crore, inclusive of GST.
The project is scheduled to be completed within 60 days from the date of the award. Jain Irrigation Systems Limited has confirmed that its promoters or group companies do not have any interest in MSEDCL, and this transaction does not fall under related party transactions.
What to do with a filing like this
Jain Irrigation Systems Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Jain Irrigation Systems Limited. Read the original for the full detail.