Mahindra EPC Irrigation Secures Rs 18-cr Micro Irrigation Contract
ECONOMY & POLICY

Mahindra EPC Irrigation Secures Rs 18-cr Micro Irrigation Contract

Mahindra EPC Irrigation has received an order from the office of the assistant engineer of a water user association for the supply of pressurised micro irrigation systems covering 3,591 hectares.

The contract is valued at approximately Rs 179.5 million (mn) and is to be executed over a 12-month period.

The order has been awarded to a domestic entity and the company indicated that the contract does not involve a related party.

The company stated that neither the promoters nor promoter group companies have any interest in the awarding entity, confirming the transaction does not qualify as a related party transaction.

Mahindra EPC Irrigation is engaged in the manufacture and sale of micro irrigation systems such as drip and sprinklers, agricultural pumps, greenhouses and landscape products.

In the December quarter the company reported consolidated net profit that rose two point two zero per cent to Rs 64.9 mn, compared with Rs 63.5 mn in the year ago quarter.

Revenue from operations increased 14.75 per cent to Rs 934.7 mn in the same quarter, against Rs 814.5 mn posted in the previous year.

The improved top line was presented as reflecting higher sales across product lines.

Market reaction saw the company’s shares fall three point nine one per cent to trade at Rs 108.10 on the BSE.

With the order scheduled for delivery over the next 12 calendar months the contract provides material incremental revenue visibility without altering related party dynamics.

The company’s continued focus on micro irrigation solutions underpins its positioning in the agricultural equipment sector.

Mahindra EPC Irrigation has received an order from the office of the assistant engineer of a water user association for the supply of pressurised micro irrigation systems covering 3,591 hectares. The contract is valued at approximately Rs 179.5 million (mn) and is to be executed over a 12-month period. The order has been awarded to a domestic entity and the company indicated that the contract does not involve a related party. The company stated that neither the promoters nor promoter group companies have any interest in the awarding entity, confirming the transaction does not qualify as a related party transaction. Mahindra EPC Irrigation is engaged in the manufacture and sale of micro irrigation systems such as drip and sprinklers, agricultural pumps, greenhouses and landscape products. In the December quarter the company reported consolidated net profit that rose two point two zero per cent to Rs 64.9 mn, compared with Rs 63.5 mn in the year ago quarter. Revenue from operations increased 14.75 per cent to Rs 934.7 mn in the same quarter, against Rs 814.5 mn posted in the previous year. The improved top line was presented as reflecting higher sales across product lines. Market reaction saw the company’s shares fall three point nine one per cent to trade at Rs 108.10 on the BSE. With the order scheduled for delivery over the next 12 calendar months the contract provides material incremental revenue visibility without altering related party dynamics. The company’s continued focus on micro irrigation solutions underpins its positioning in the agricultural equipment sector.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement