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Jain Irrigation Systems Ltd wins Rs. 375 Cr contract from Pune Municipal Corporation

Posted On: 2018-02-22 09:33:36


Jain Irrigation Systems Ltd has been awarded Rs 375 Cr turnkey contract by Pune Municipal Corporation. The contract involves "Study, Survey, Investigation, Assessment, Design validation and Revamping of entire Water Supply System including Water Audit, Non Revenue Water reduction, SCADA, Bill reading and generation, Operation and Maintenance of the system".

Under this contract, JISL will undertake a detailed study and analysis of the present intermediate water supply system and will provide the effective solution to convert it in to 24x7 equitable water distribution system with adequate pressure, with considerable reduction in leakages and non-revenue water, SCADA system, O&M and to ensure complete satisfaction of the consumer. This project involves a pipeline of 508Km, installation & billing for 49,000 water meters including 1339 kms laying of utility ducts apart from water pipe line.

Pune Municipal Corporation has drawn up an ambitious plan to provide on a 24X7 basis pressurized water supply to residents in its area and also has decided to implement 100% smart metering covering every household of Pune City over the next 5 years. The scheme envisages elimination of the Non - Revenue Water (NRW) of the city by plugging losses and upgrading the entire water supply network. Pune is the first large city in India which will execute a project of this nature on such a large scale.

Mr Atul Jain, Jt Managing Director said after receiving the order, we are proud to have received the order for creating an integrated network of drinking water supply for such a large city and residents of Pune City will experience on completion a seamless drinking water supply at constant pressure with correct metering and billing. We hope this will act like a model project for other cities in Maharashtra and other parts of the country also.

Shares of JAIN IRRIGATION SYSTEMS LTD. was last trading in BSE at Rs.112.7 as compared to the previous close of Rs. 116.3. The total number of shares traded during the day was 973617 in over 3018 trades.

The stock hit an intraday high of Rs. 115.05 and intraday low of 112.1. The net turnover during the day was Rs. 110116513.


Source: Equity Bulls

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