Jain Irrigation Secures ₹135-Crore Solar Pump Order, Reports Q1 Profit Growth 1 hour ago Today
Jain Irrigation Systems Limited (JISL) has won a ₹135 crore order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 5,438 off-grid DC solar water pumping systems. This order, part of the PM-KUSUM B scheme, follows JISL's successful execution of a previous ₹103 crore project for 4,180 solar pumps. JISL's Q1 results show improved financial performance with a 3% increase in net profit to ₹14 crore and 4.6% revenue growth to ₹1,546 crore. The company's shares closed 13.77% higher at ₹52.80 following the news.
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