Jain Irrigation secures Rs.227.7 mn irrigation products export order

Order size $5.3 mn; Single largest order of its kind in MIS/SIS

Government backed unit and L/C backed order, Supply completion in 20 weeks

Robust order growth for the division- domestic(70%),export(100%Plus)

Increased irrigation order flows from Investee Companies across the globe

Jain Irrigation the Rs.20 bn agri irrigation company has secured an export order for supply of uPVC pipes and fittings as well as sprinkler system for irrigation use from Sugar Factory, Ethiopia.

The order is part of the expansion program of a state owned sugar unit. The Letter of Credit backed order for $5.3 mn (INR 227.7 mn) is to be completed over the next 20 weeks. It is the largest single export order of $5 mn plus secured by the Company in the MIS/SIS segment. It is significant to note that the last fiscal year's total exports for drip and sprinkler irrigation systems completed by the Company were INR 215 mn, whereas this single order exceeds the last year's volume.

Mr. Ajit Jain, Jt. Managing Director of the Company said after the receipt of the order, "Our domestic sales growth for the irrigation division is already robust in this quarter at over 70% with success on crops like Cotton. This order to the African continent will allow us to maintain significant growth in export markets as well. We have also started getting increased order flows from our investee companies"

About Jain Irrigation (www.jains.com)
Jain Irrigation is a diversified Company with more than 5,000 employees and expected standalone turnover in excess of INR 18 bn and a product portfolio encompassing Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has a major market share in one of the fastest growing irrigation markets in the world and is also the second largest drip irrigation Company in the world.