Jain Irrigation Systems has received a Letter of Intent from Water Resources Department, Government of Madhya Pradesh to execute the Mohanpura Major Project.

The Mohanpura Major Project is the largest of its kind, ''Future Ready'' Micro Irrigation project. In this project, the total Cultivable Command area of 228,475 acre is to be brought under Micro irrigation. The value of the project is Rs 9.75 billion and the project is to be completed in 36 months.

The project Mohanpura is located in Rajgarh district- one of the under developed districts of the state.

The ''Resource To Root'' is revolutionary concept, where water is delivered from water source to root zone of the plants through Drip Irrigation, resulting in high Water Use Efficiency. This will transform the way Irrigation projects are conceptualized, designed and executed in India. This shall also create new avenues and open doors for ''More Crop Per Drop'' through micro irrigation in the huge command area of 228,475 acres,'' says Anil Jain, Vice Chairman and Managing Director of Jain Irrigation.

Anil Jain also added after receiving the LOI, ''We are happy to have been awarded the prestigious and path breaking project, which also happens to be single largest order in the history of the Company. The project is bringing and underdeveloped agrarian district into development zone and this augurs well for the state. This adds to already high order book of the company.''

Shares of the company gained Rs 2.1, or 2.83%, to trade at Rs 76.20. The total volume of shares traded was 386,810 at the BSE (9.39 a.m., Friday).