Mahindra EPC Irrigation Wins Rs 3-Crore Micro Irrigation Contract
Mahindra EPC Irrigation saw a 1.11% rise in its stock price to Rs 109.05 after announcing a Rs 3.40 crore contract for supplying micro-irrigation systems. The project, covering approximately 680 hectares, is set to be completed in 12 months.
The company manufactures micro-irrigation systems, including drip and sprinkler solutions, at its facilities in Nashik, Vadodara, and Coimbatore.
For the second quarter of FY25, Mahindra EPC Irrigation reported a net loss of Rs 2.76 crore, a sharp increase from the Rs 0.68 crore loss in Q2 FY24. Revenue from operations fell by 13.4% year-on-year to Rs 50.02 crore in the quarter ending September 30, 2024.
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