Jain Irrigation is acquiring ETwater, innovator of intelligent irrigation technology and in the vanguard for creation of the smart irrigation controller.

E'Twater patented technology integrates data science, machine learning and predictive analytics about weather forecast and environmental variables to automatically, adjust optimally site-specific irrigation schedules. Connecting over the internet ETwater smart controllers get their schedules through secure, cellular data networks, and users are able to remotely monitor and manage controllers from any mobile or smart device.

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Jain Irrigation Systems announced award of $18.27 million (Approx. Rs 127 crore) contract by Rwanda Agriculture Board (RAB), Kigali, Rwandafor irrigation and watershed development (1220 /1752 Ha) in Mahama Sector under Export Targeted Modern Irrigated Agriculture Projects in Rwanda. The project will be executed near Rusumo (Rwanda — Tanzania border).

The project is financed by EXIM Bank of India under Gov. of India Line Of Credit (LOC) program. Rwanda as a country is investing in modern agriculture project and is at the forefront of using latest technology to improve productivity. They have taken impressive strides in value added agriculture.

This is an Engineering, Procurement & Construction (EPC) contract. JISL has full responsibility of development infrastructure for various irrigation systems viz. Sprinkler Irrigation, Center pivot & pipe hydrant system. Important to note here that all irrigation systems will work under gravity and as EPC contractor JISL has ability to design the same. The total area under irrigation is 1220 Ha. Also, there is component of watershed development and capacity building for over 1752 Ha.

JISL intends to complete the project in next 18 months. This will help JISL to grow its exports substantially.

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Jain Irrigation Systems announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2018.

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Net profit of Jain Irrigation Systems rose 6.78% to Rs 43.64 crore in the quarter ended June 2018 as against Rs 40.87 crore during the previous quarter ended June 2017. Sales rose 17.55% to Rs 1087.20 crore in the quarter ended June 2018 as against Rs 924.91 crore during the previous quarter ended June 2017.

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