Jain Irrigation Systems has bagged an order for supply and installation of 8,959 solar agri-pumps for Maharashtra State Electricity Distribution Company (MSEDCL) worth Rs 4.73 billion.

The tender will be executed by projects division of the micro irrigation segment of the company and will also create additional sales opportunity for micro irrigation systems to individual farmers.

Under this project 3, 5 and 7.5 HP capacity pumpsets comprising of 4,559 AC pumps and 4,400 DC pumps are to be installed according to beneficiary farmer's water requirement, crop pattern and land availability etc.

The company has emerged as the largest winner among all the 14 tenders floated by MSEDCL. The tender is expected to be serviced over next 6 to 12 months with further operational and maintenance support to the fanners for next 5 years.

This is the first pilot phase out of the world's biggest solar agri-pump project for 500,000 pumps launched by Government of Maharashtra through MSEDCL. Also, the project covers 20 districts in Maharashtra including major quantities in drought hit districts such as Buldhana, Akola, Washim, Yavatmal, Amravati and Wardha.

Oner the last few years Jain Irrigations Systems has installed more than 15,000 solar agri-pumps sets accross India which more than 50% of the total installation.

Shares of the company gained Rs 1.20, or 2.86%, to trade at Rs 43.10. The total volume of shares traded was 18,466 at the BSE (11.18 a.m., Wednesday).