Mahindra EPC Irrigation Secures Rs 18-cr Micro Irrigation Contract

18 Mar 2026 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..