Shares of Jain Irrigation Techniques Ltd slumped 6% on 14 August regardless of the corporate saying securing a photo voltaic pump deal for Rs 135 crore.
The Maharashtra State Electrical energy Distribution Firm Restricted (MSEDCL) Chief Engineer (Particular Venture Division) has awarded a contract to design, manufacture, provide, transport, set up, take a look at, and fee off-grid DC photo voltaic photovoltaic water pumping programs (SPWPS) with capacities of three HP, 5 HP, and seven.5 HP.
Beneath this mission, the corporate would offer and set up 5,438 photo voltaic pumps in varied districts of Maharashtra, with a complete mission worth of Rs 135 crore + GST.
Earlier, in December 2024, the enterprise accomplished Part I of the plan, putting in 4,180 photo voltaic pumps price Rs 103 crore.
On 21 January 2025 and 07 August 2025, the share reached a 52-week excessive of Rs 83.35 and a low of Rs 45.16.
At 12:59 pm, the shares of Jain Irrigation Techniques had been buying and selling 5.61% decrease at Rs 49.77 on NSE.
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