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Irrigation stock jumps 5% after it receives order to supply micro irrigation systems

Irrigation stocks surged as a leading firm won a ₹1.73 crore contract to supply Micro Irrigation Systems for 40 acres, strengthening its industry position and market presence.
Irrigation stocks surged as a firm secured a ₹1.73 crore contract, boosting market presence.
Irrigation stocks surged as a firm secured a ₹1.73 crore contract, boosting market presence.

Introduction:

Irrigation stocks gained momentum as a key player secured a ₹1.73 crore contract for supplying Micro Irrigation Systems. Awarded on January 29, 2025, the six-month project covers 40 acres, reinforcing the company’s industry presence and commitment to efficient irrigation solutions.

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Share Price movement of Mahindra EPC Irrigation:

On January 30, 2025, Mahindra EPC Irrigation Ltd opened at ₹129.50, rising 5% from its previous close of ₹125.27. The stock reached a high of ₹131.53 and a low of ₹128.00. Currently it is trading at ₹131.53 and market cap stood at ₹367.42 crore.

Mahindra EPC Irrigation new order:

Mahindra EPC Irrigation Limited has secured a contract from the Office of the Chief Engineer, Community Micro Irrigation Project, for supplying Micro Irrigation Systems. The order, valued at ₹1.73 crore, was awarded on January 29, 2025, at 11:15 AM, under SEBI’s disclosure regulations.  

The contract involves supplying Micro Irrigation Systems for approximately 40 acres, with a completion timeline of six months. The project is entirely domestic, with no international involvement. The order aligns with Mahindra EPC’s expertise in irrigation solutions, strengthening its industry presence.  

The company confirmed that the contract does not involve related party transactions or promoter interests. This deal reflects Mahindra EPC’s commitment to advancing efficient irrigation solutions. The information has been uploaded to the corporate website for investor reference and regulatory compliance.

Also Read: Stocks To Watch For Budget 2025

Recent news About Mahindra EPC Irrigation :

In January 2025, Mahindra EPC Irrigation Limited announced its Chief Financial Officer’s retirement and appointed a new CFO. This leadership transition focuses on enhancing financial management, ensuring stability, and driving the company’s growth strategy for long-term success in the irrigation sector.

Ace investor holding of Mahindra EPC Irrigation:

Ace investor Rajen Anil Shah holds 450,000 shares of Mahindra EPC Irrigation Ltd., representing a 1.61% stake. His holdings are valued at ₹5.9 crore, with no change from the previous quarter. The stock is currently trading at ₹131.51 per share.

Stock performance of Mahindra EPC Irrigation for Period of 1 week, 6 months and 1 year:

Mahindra EPC Irrigation’s stock declined 8.20% over the past week. Over six months, it dropped 4.11%. The one-year performance showed a deeper decline of 11.3%, highlighting ongoing challenges and volatility in the company’s stock movement.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Mahindra EPC Irrigation:

All values in %Dec-24Sep-24Jun-24
Promoters54.2154.2154.21
FII0.080.20.6
Retail & others45.7145.5845.18
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About Mahindra EPC Irrigation:

Mahindra EPC Irrigation specializes in micro-irrigation solutions, offering drip and sprinkler systems for efficient water management in agriculture. The company focuses on sustainable farming, enhancing productivity through advanced irrigation technologies. It plays a key role in supporting India’s agricultural sector with innovative solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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