Mahindra EPC Irrigation Secures Multiple Micro-Irrigation Contracts

Mahindra EPC Irrigation has recently secured several contracts for micro-irrigation systems, showcasing the company's strong position in the market. The most recent contract, worth Rs 1.73 crore, was awarded for a community micro-irrigation project covering 40 acres. This follows a larger contract of Rs 3.40 crore for supplying micro-irrigation systems for approximately 680 hectares, to be completed within 12 months. The company's stock has responded positively to these developments, with shares rising 3.30% to Rs 129.90 on January 31, 2025. These contracts highlight Mahindra EPC Irrigation's continued growth in the micro-irrigation sector, despite reporting a net loss in Q2 FY25.

 

Source: Business Standard, MoneyWorks4Me, Investment Guru India