Jain Irrigation Wins ₹117.96 Crore Solar Pump Order; Shares Rise 5.7%

Mumbai September, 17: Jain Irrigation Systems Limited has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for the supply and installation of 5,000 off-grid DC solar photovoltaic water pumping systems, according to an exchange disclosure dated September 17, 2026. The order covers the supply, design, manufacture, transportation, installation, testing and commissioning of the solar pumping systems. The project includes systems with capacities of 3 HP, 5 HP and 7.5 HP.

According to the regulatory filing, the total order consideration is approximately ₹117.96 crore, inclusive of GST. The project is to be completed within 60 days.

Stock Market Snapshot

The Jain Irrigation share price was trading around ₹30.75 in the latest portion of the supplied market snapshot, compared with a reference level of approximately ₹29.05. This indicates a gain of about 5.7%.

The stock remained close to ₹29.20 to ₹29.50 for most of the session, with relatively limited movement through the morning and early afternoon. A sharp move came after around 1:30 PM, when the shares broke higher from the ₹29 level.

The stock quickly moved above ₹30 and reached close to ₹31 before easing slightly. The latest portion of the chart showed the shares around ₹30.75.

The market movement is based on the supplied trading snapshot and has not been directly attributed to the order announcement.

Order Covers 5,000 Off-Grid Solar Pumping Systems

As per the filing, the order relates to 5,000 off-grid DC solar photovoltaic water pumping systems under the Maharashtra government’s solar pumping programme.

Jain Irrigation will undertake the complete scope covering design, manufacturing, supply, transportation, installation, testing and commissioning. The systems will be supplied in 3 HP, 5 HP and 7.5 HP configurations.

The order has been classified as a domestic contract awarded by an entity in Maharashtra. The company has stated that the execution period is 60 days.

Contract Value Stands At ₹117.96 Crore

The disclosed consideration for the contract is approximately ₹117.96 crore, including GST. The order is structured as a letter of empanelment for the supply and installation of the specified solar pumping systems.

The company said the contract was received in the ordinary course of business. The filing also states that there is no promoter or promoter-group interest in the awarding entity.

Jain Irrigation further disclosed that the transaction does not fall within the related-party transaction provisions.

Jain Irrigation Operates Across Agriculture And Water Management

Jain Irrigation Systems operates across agriculture, irrigation and water management-related businesses, with solutions spanning micro-irrigation, agricultural inputs, food processing and related infrastructure.

Solar-powered water pumping is part of the company’s broader portfolio of solutions aimed at agriculture and water management. Off-grid pumping systems can operate using solar power without depending on conventional grid electricity for their primary energy source.

The latest Maharashtra order adds another project to the company’s solar-powered irrigation and water management business.

Conclusion

Jain Irrigation Systems has received a letter of empanelment from Maharashtra State Electricity Distribution Company for the supply and installation of 5,000 off-grid DC solar PV water pumping systems.

The ₹117.96 crore contract, inclusive of GST, covers systems ranging from 3 HP to 7.5 HP and includes design, manufacturing, transportation, installation, testing and commissioning. The company is required to execute the order within 60 days.

On the equity market, the Jain Irrigation share price was around ₹30.75 in the supplied snapshot, up approximately 5.7% from the displayed reference level of ₹29.05. The stock remained relatively stable for most of the session before a sharp late-session move took it above ₹30.

Source:

• https://www.nseindia.com/get-quote/equity/JISLJALEQS/Jain-Irrigation-Systems-Limited
• https://www.bseindia.com/stock-share-price/jain-irrigation-systems-ltd/jisljaleqs/500219