Jain Irrigation Systems surges on bagging Inclusive Business Innovation award

21 Jun 2012

Jain Irrigation Systems is currently trading at Rs. 71.95, up by 0.75 points or 1.05% from its previous closing of Rs. 71.20 on the BSE.

The scrip opened at Rs. 71.60 and has touched a high and low of Rs. 71.95 and Rs. 70.80 respectively. So far 96283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.95 on 11-Jul-2011 and a 52 week low of Rs. 69.05 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 78.60 and Rs. 70.60 respectively. The current market cap of the company is Rs. 2897.04 crore.

The promoters holding in the company stood at 30.35 % while Institutions and Non-Institutions held 53.98 % and 15.20 % respectively.

Jain Irrigation Systems (JISL), India’s largest and world’s second largest micro-irrigation company has been declared as a winner of the prestigious “G20 challenge on Inclusive Business Innovation” award. The company received this globally acclaimed honour at a high profile event at the G20 Leaders Summit at Cabos, Mexico, on June 18, 2012.

The G20 challenge recognizes businesses that have succeeded in developing innovative, scalable and commercially viable inclusive business models that addresses the particular needs of the people living at the base of the pyramid. This is for the first time 15 global companies from different fields have been awarded for their efforts in inclusive business innovation. The company has bagged the award for its contribution to the agriculture sector.

JISL is a farmer-centric company and micro irrigation has been its mainstay since the mid-1980s. The company has pioneered a green revolution through micro-irrigation technology, which comprises mainly of drip and sprinkle systems.

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