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Jain Irrigation Receives ₹ 1.27 Bn Export Order From RWANDA

29th August 2018

Jain Irrigation Systems Limited (JISL) today announced award of $18.27Million (Approx. ₹ 127 Crores) contract by Rwanda Agriculture Board (RAB), Kigali, Rwanda for irrigation and watershed development (1220 /1752 Ha) in Mahama Sector under Export Targeted Modern Irrigated Agriculture Projects in Rwanda. The project will be executed near Rusumo (Rwanda - Tanzania border)

The project is financed by EXIM Bank of India under Gov. of India Line Of Credit (LOC) program. Rwanda as a country is investing in modern agriculture project and is at the forefront of using latest technology to improve productivity. They have taken impressive strides in value added agriculture.

This is an Engineering, Procurement & Construction (EPC) contract. JISL has full responsibility of development infrastructure for various irrigation systems viz. Sprinkler Irrigation, Center pivot & pipe hydrant system. Important to note here that all irrigation systems will work under gravity and as EPC contractor JISL has ability to design the same. The total area under irrigation is 1220 Ha. Also, there is component of watershed development and capacity building for over 1752 Ha.

This project is another milestone in JISL’s strategy of participating in a meaningful way in Irrigation/water/agriculture sector growth across large continent of Africa.

JISL intends to complete the project in next 18 months. This will help JISL to grow its exports substantially.

About Jain Irrigation Systems Ltd:

Our Company, Jain Irrigation Systems Limited (JISL) with it’s motto ‘Small Ideas, Big Revolutions’ with more than 12,000+ associates worldwide and revenue of INR 80 Billion, is an Indian multinational company with manufacturing plants in 30 locations across the globe. JISL, its subsidiaries and associates are engaged in providing solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs since more than 34 years. It has pioneered a silent Productivity Revolution with modern irrigation systems and innovative technologies in order to save precious water and has helped to get significant increase in crop yields, especially for more than 6 million small farmers. It has also ushered in new concept of large scale Integrated Irrigation Projects (IIP). ‘More Crop Per Drop™’ is the company’s approach to water security and food security. JISL is early pioneer for IOT in the agri-sector and is leading efforts to create global solutions with precision agriculture. It’s food brand ‘Jain FarmFresh’ is well known all over the world for quality and consistency. All the products and services of JISL help create a sustainable future while fulfilling its vision to ‘Leave this world better than you found it’. JISL is listed in NSE–Mumbai at JISLJALEQS and in BSE at code 500219.

For further information please contact:

Avdhut Ghodgaonkar
Jain Irrigation Systems Ltd
Tel: +91 22 2210 9090
Fax: + 91 22 2262 1177
Email: avdhut.ghodgaonkar@jains.com

Siddharth Rangnekar / Vikram Rajput
CDR India
Tel: +91 22 6645 1209/1223
Fax: +91 22 6645 1213
Email: siddharth@cdr–india.com
vikramr@cdr–india.com

DISCLAIMER

Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. Jain Irrigation Systems Ltd will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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Tel: +91 257 225 8011
Fax: +91 257 225 8111
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