Jain Irrigation rises on eying Rs 100 crore from food processing facility at Jalgaon

23 Jun 2015 Evaluate

Jain Irrigation Systems is currently trading at Rs. 69.05, up by 0.25 points or 0.36% from its previous closing of Rs. 68.80 on the BSE.

The scrip opened at Rs. 69.40 and has touched a high and low of Rs. 69.85 and Rs. 68.45 respectively. So far 69598 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.45 on 08-Jul-2014 and a 52 week low of Rs. 55.30 on 13-May-2015.

Last one week high and low of the scrip stood at Rs. 69.65 and Rs. 64.25 respectively. The current market cap of the company is Rs. 3075.25 crore.

The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 41.92% and 29.27% respectively.

Jain Irrigation’s food processing facility at Jalgaon in Maharashtra is expected to earn over Rs 100 crore in foreign exchange annually. The plant was inaugurated in Jalgaon on June 20. The plant incorporates both Individual Quick Frozen (IQF) and Block Quick Frozen (BQF) technologies. The plant is designed to handle around 60,000 MT of fruits like mango, banana, pomegranate, papaya, jamun, strawberry, sapota, etc., annually.

The products from this IQF facility would be exported to the US, Europe, Japan, Australia, New Zealand, Middle East and the company expects to earn Rs. 100 crore in foreign exchange annually.

Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.

Jain Irrigation Sys Share Price

67.26 1.39 (2.11%)
07-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Supreme Industries 5740.20
Astral 2155.95
Finolex Inds 350.45
EPL 183.90
Jain Irrigation Sys 67.26
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