Jain Irrigation Systems has asserted that it has not defaulted any of its debt obligations. Moreover, the company is confident of executing its plan to bring down its debt by Rs 2,000 crore through corporate action.
The company has a debt equity ratio of 1:1.1 and networth of Rs 4,561 crore including Compulsory Convertible Debenture (CCD).
Jain Irrigation Systems is early pioneer for IOT in the agriculture sector and is leading efforts to create global solutions with precision agriculture.