Jain Irrigations announced of receiving an order of $24 Million, in a filing made to BSE on Wednesday. The company titled as NaanDaan Jain Mexico is a subsidiary of Jain Irrigation Systems. The company has been awarded two contracts in Honduras. The overall value of these two contracts is US $ 23.77 million.
As per the filing, the company will design, supply, install and commission the plastic pipe networks during the next 2.5 years. At least 6,000 farmers are expected to benefit from this project.
The contracts were awarded by Ministry of Agriculture in Honduras. These projects would serve as models for Central American regions, and would align the company’s concept of “Resource to Root”.
Jain Irrigations operates with more than 10,500+ associates, with manufacturing plants in 30 locations across the globe, and revenue of $1 Billion.
Jain Irrigation Systems Ltd ended at Rs 95.55, up by Rs 0.15 or 0.16% from its previous closing of Rs 95.4 on the BSE.
The scrip opened at Rs 96.1 and touched a high and low of Rs 97 and Rs 94.55 respectively. A total of 39 lakh shares were traded on the counter. The current market cap of the company is Rs 4,853.41 crore.