/ Jain Irrigation Bags Order Worth Rs 189 Cr Stock Up By 1.5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 8 March 2017

Jalgaon based, Jain Irrigation Systems Limited has secured an order worth Rs 189 cr for delivering water in farmers' fields through creation of water infrastructure. The order has been received under Indira Gandhi Nahar Project (IGNP), Rajasthan. The project consists of 111,111 acres of area, covering 15000 farmers in 20 villages of Hanumangarh. The work order value stands at Rs 189 cr, to be completed in 18 months.

Stock of Jain Irrigation opened flat at Rs 91.25 per share on Wednesday. The stock surged by 1.5% to touch an intraday high of Rs 92.65 per share. Major indices in the market are trading flat. Nifty is trading at 8949 levels, up by 2.9 points. There are 769 advances, 682 declines and 466 unchanged stocks on NSE, reflecting a fairly positive bias floating in the market.

Jain Irrigation Systems Limited is an agri-business company. The Company is engaged in manufacture of plastic products; and manufacture of fruit or vegetable juices, their concentrates squashes and powders. Its segments include Hi-Tech Agri Input Products, Industrial Products and Non-conventional Energy production.

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