Jain Irrigation Systems has bagged an order of Integrated Micro Irrigation Project in Karnataka after successful execution and commissioning of more than a dozen large sized integrated micro irrigation projects in the country. The project is based on ”Resource To Root” concept pioneered by Jain Irrigation, which fulfils both the objectives of PMKSY (Pradhan Mantri Krishi Sinchai Yojna) i.e. ”Har Khet Ko Pani and ”Per Drop MoreCrop” to bring the reforms in irrigation sector. Karnataka Neeravari Nigam, a Division of Water Resources Department of Karnataka has placed this order on the company through National Competitive Bidding.

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Net profit of Jain Irrigation Systems rose 49.48% to Rs 21.42 crore in the quarter ended September 2018 as against Rs 14.33 crore during the previous quarter ended September 2017. Sales rose 20.35% to Rs 1895.11 crore in the quarter ended September 2018 as against Rs 1574.64 crore during the previous quarter ended September 2017.

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Net profit of Jain Irrigation Systems rose 184.10% to Rs 45.57 crore in the quarter ended September 2018 as against Rs 16.04 crore during the previous quarter ended September 2017. Sales rose 26.10% to Rs 947.71 crore in the quarter ended September 2018 as against Rs 751.55 crore during the previous quarter ended September 2017.

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Jain Irrigation Systems will hold a meeting of the Board of Directors of the Company on 12 November 2018.

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