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Jain Irrigation bags Rs 473 cr tender from MSEDCL

Jain Irrigation bags Rs 473 cr tender from MSEDCL


Jain Irrigation Systems recently said the company has bagged a tender worth Rs 473 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for supply and installation of 8,959 solar agri pumps. This is the first pilot phase of the Solar Agri Pump project for 5,00,000 pumps launched by the Maharashtra government through MSEDCL, JISL said in a release issued here. The tender is expected to be serviced over next 6-12 months, with further operational and maintenance support to the farmers for the next five years. Over the last few years, JISL has installed more than 15,000 solar agri pump sets across India in 8-9 states, which is more than 50 per cent of the total installations across the country. This project in Maharashtra covers 20 districts, including the drought-hit areas and traditional farmers who do not have access to electricity.

Jain Irrigation stock price
On November 05, 2015, at 11:38 hrs Jain Irrigation Systems was quoting at Rs 67.95, up Rs 0.20, or 0.30 percent. The 52-week high of the share was Rs 92.35 and the 52-week low was Rs 50.55. The company’s trailing 12-month (TTM) EPS was at Rs 1.16 per share as per the quarter ended June 2015. The stock’s price-to-earnings (P/E) ratio was 58.58. The latest book value of the company is Rs 51.07 per share. At current value, the price-to-book value of the company is 1.33.

Source: PTI
Anand Gupta Editor - EQ Int'l Media Network


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