Jain Irrigation Systems rises on bagging order worth Rs 183 crore

14 Nov 2017

Jain Irrigation Systems is currently trading at Rs. 100.30, up by 1.40 points or 1.42% from its previous closing of Rs. 98.90 on the BSE.

The scrip opened at Rs. 100.20 and has touched a high and low of Rs. 100.70 and Rs. 100.00 respectively. So far 65,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.80 on 25-Apr-2017 and a 52 week low of Rs. 79.80 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs. 106.20 and Rs. 95.10 respectively. The current market cap of the company is Rs. 4,613.00 crore.

The promoters holding in the company stood at 28.46%, while Institutions and Non-Institutions held 44.23% and 27.31% respectively.

Jain Irrigation Systems has been awarded a contract worth Rs 183 crore of Jalgaon City Water Supply Scheme under the Amrut Abhiyan Yojana. The project Involves design & construction of 661Km of pipeline and required elevated storage reservoirs and pump houses. The completion time is 24 months.

In last one month, this is third major project in water supply sector i.e. drinking & piped irrigation has been awarded to Pipe Division of the company.

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.


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