Mumbai, Aug. 14 -- As part of the contract, the company will design, manufacture, supply, transport, install, test, and commission 5,438 off-grid DC solar photovoltaic water pumping systems across various districts in Maharashtra. The pumps will be of 3 HP, 5 HP, and 7.5 HP capacities.

This empanelment aligns with the government's clean energy initiative, which aims to promote solar-powered irrigation and reduce farmers' reliance on conventional energy sources.

The latest allocation follows Jain Irrigation's successful execution of Phase I of the scheme in December 2024, during which the company installed 4,180 solar pumps worth Rs 103 crore.

On the financial front, Jain Irrigation reported a 3% year-on-year increase in consolidated ne...