This empanelment under the government’s clean energy initiative aims to promote solar-powered irrigation solutions, reducing farmers’ dependence on conventional energy sources. The project value is ₹135 crore plus GST.
Also Read: NABARD sanctions ₹770 crore for two irrigation projects in JharkhandThe allocation follows Jain Irrigation’s successful execution of phase-I in December 2024, when the company installed 4,180 solar pumps worth ₹103 crore plus GST.
First quarter results
The company reported a 3% year-on-year rise in consolidated net profit at ₹14 crore for the quarter ended June 30, compared with ₹13.6 crore a year earlier. Revenue increased 4.6% to ₹1,546 crore from ₹1,478 crore.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter rose 12.8% to ₹202 crore, while EBITDA margin improved to 13.07% from 12.11% a year earlier.
Jain Irrigation said demand growth in its micro-irrigation, tissue culture, exports and solar agri-pump segments supported revenue and margin expansion. However, lower mango prices affected its food processing division’s topline.
Also Read: Centre approves ₹6,282 crore Kosi Mechi project to expand irrigation in Bihar
The company is engaged in the manufacturing of micro irrigation systems, PVC pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs.
Shares of Jain Irrigation Systems Ltd ended at ₹52.80, up by ₹6.39 or 13.77%, on the BSE today (August 13).
(Edited by : Shoma bhattacharjee)
First Published: Aug 13, 2025 5:27 PM IS
