Jain Irrigation Systems Ltd (JISL) has received an order worth ₹135 crore from Maharashtra State Electricity Distribution Company Ltd (MSEDCL), as per an exchange filing. The contract, placed under the Magel Tyala Saur Krushi Pump Yojana and PM-KUSUM B Scheme, includes the design, manufacture, supply, transport, installation, testing, and commissioning of 5,438 off-grid DC solar water pumps.
The pumps will be of 3 HP, 5 HP, and 7.5 HP capacities, to be installed in districts across Maharashtra.
The PM-KUSUM B Scheme is a government programme aimed at promoting solar-based irrigation systems in agriculture. The focus is on reducing reliance on grid electricity and diesel-based pumps, and increasing the use of renewable energy in rural areas.
This order follows the completion of Phase I of the scheme by JISL in December 2024. In that phase, the company installed 4,180 solar pumps valued at ₹103 crore plus GST in Maharashtra. The current allocation builds on that earlier work.
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For the quarter ended June 30, 2025, JISL reported a consolidated net profit of ₹14 crore, compared to ₹13.6 crore in the same period last year, an increase of 3%. Revenue from operations rose 4.6% year-on-year to ₹1,546 crore from ₹1,478 crore. EBITDA stood at ₹202 crore, up 12.8%, and the EBITDA margin improved to 13.07% from 12.11%.
Growth in micro-irrigation, tissue culture, exports, and solar agri-pump segments contributed to the performance, while lower mango prices impacted the food processing segment.
JISL is engaged in manufacturing micro-irrigation systems, PVC and HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, and other agricultural inputs. The company operates 22 manufacturing facilities in India and overseas, employing over 9,000 people.
As of 12:03 PM on August 14, 2025, Jain Irrigation Systems share price was trading at ₹49.75, down ₹2.98 or 5.65% from the previous day's closing price.
The ₹135 crore order under PM-KUSUM Phase II will see 5,438 solar pumps installed in Maharashtra, following the earlier phase completed in 2024.
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Published on: Aug 14, 2025, 1:01 PM IST
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