Jain Irrigation wins Rs 569-crore contract from Karnataka government

NEW DELHI: Jain Irrigation Systems has bagged a Rs 569-crore contract from Karnataka government for Poorigali Integrated Micro Irrigation Project.

The company has been awarded the Poorigali Integrated Micro Irrigation Project by Cauvery Neeravari Nigam Ltd, Government of Karnataka through National competitive bidding, Jain Irrigation Systems said in a BSE filing today.

The project is based on the concept of 'resource to root' aimed at providing more healthy crops to farmers.

It will cover 25,317 acres of farm area spread over 51 villages in Karnataka.

The scope of work involves lifting and conveying water from the river Cauvery to the end user farmer in a network of close conveyance piping system, the filing said.

The project will be implemented in 18 months.

Shares of Jain Irrigation Systems were trading 0.88 per cent higher at Rs 68.55 apiece on BSE today.