Jain Irrigation Systems rises on bagging contract worth Rs 220 crore

10 Dec 2015 Evaluate

Jain Irrigation Systems is currently trading at Rs. 63.30, up by 0.45 points or 0.72% from its previous closing of Rs. 62.85 on the BSE.

The scrip opened at Rs. 63.75 and has touched a high and low of Rs. 63.90 and Rs. 62.65 respectively. So far 114544 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 80.75 on 10-Dec-2014 and a 52 week low of Rs. 50.55 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 69.95 and Rs. 61.70 respectively. The current market cap of the company is Rs. 2804.95 crore.

The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 40.14% and 31.01% respectively.

Jain Irrigation Systems, one of India’s largest Micro-Irrigation manufacturers, has received $32.98 Million (Approx Rs 220 crore) contract from DAR ES Salaam water and Sewerage Authority (DAWASA) for the Supply and Installation of Water Distribution Network in DAR ES Salaam, Tanzania. The project is financed by EXIM Bank of India under Government of India Line Of Credit (LOC) program. The $32.98 Million project is an integrated water supply project with unique design to ensure reduced water supply losses across entire network. This project will create complete network of water for large number of citizens.

Jain irrigation is responsible for Survey, Design and execution of the various Project components. This project is another milestone in company's strategy of participating in a meaningful way in Irrigation/water/agriculture sector growth across large continent of Africa.

Jain Irrigation Systems 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. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.

Jain Irrigation Sys Share Price

65.54 1.80 (2.82%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 4549.65
Astral 1762.20
Finolex Inds 258.45
EPL 260.65
Jain Irrigation Sys 65.54
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