Jain Irrigation Systems shines on bagging Rs 375 crore contract from Pune Municipal Corporation

23 Feb 2018

Jain Irrigation Systems is currently trading at Rs. 117.20, up by 4.50 points or 3.99% from its previous closing of Rs. 112.70 on the BSE.

The scrip opened at Rs. 113.20 and has touched a high and low of Rs. 117.40 and Rs. 112.25 respectively. So far 653141 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 150.40 on 29-Jan-2018 and a 52 week low of Rs. 82.80 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 120.80 and Rs. 112.10 respectively. The current market cap of the company is Rs. 5777.70 crore.

The promoters holding in the company stood at 28.46%, while Institutions and Non-Institutions held 43.26% and 28.16% respectively.

Jain Irrigation Systems (JISL) has been awarded Rs 375 crore turnkey contract by Pune Municipal Corporation. The contract involves Study, Survey, Investigation, Assessment, Design validation and Revamping of entire Water Supply System including Water Audit, Non-Revenue Water reduction, SCADA, Bill reading and generation, Operation and Maintenance of the system.

JISL will undertake a detailed study and analysis of the present intermediate water supply system and will provide the effective solution to convert it in to 24x7 equitable water distribution system with adequate pressure, with considerable reduction in leakages and non-revenue water, SCADA system, O&M and to ensure complete satisfaction of the consumer.

The scheme envisages elimination of the Non-Revenue Water (NRW) of the city by plugging losses and upgrading the entire water supply network. Pune is the first large city in India which will execute a project of this nature on such a large scale. Pune is the first large city in India which will execute a project of this nature on such a large scale.

JISL 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.

Related Jain Irrigation Systems Ltd. Links:

Jain Irrigation Sys Share Price

9.10 -0.03 (-0.33%) Dec 09, 18:01
1 Year Price Chart
Peers
Company Name CMP
Supreme Industries 1112.75
Jain Irrigation Sys 9.10
Uflex 191.45
Jindal Poly Films 222.75
Finolex Inds 559.75
View more..
Sensex vs Jain Irrigation Sys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463