Mahindra EPC Irrigation rose 1.11% to Rs 109.05 after the company announced that it has been awarded a contract worth Rs 3.40 crore for the supply of Micro Irrigation Systems to the Office of the Assistant Engineer.
The project involves the supply of micro-irrigation systems for approximately 680 hectares. The project is valued at Rs 3.40 crore and it is set to be completed within a period of 12 months.Mahindra EPC Irrigation manufactures micro-irrigation systems (MIS) consisting of drips and sprinklers at its facilities in Nashik, Vadodara and Coimbatore.
The company had reported a consolidated net loss of Rs 2.76 crore in Q2 FY25 as against net loss of Rs 0.68 crore in Q2 FY24. Revenue from operations fell 13.4% YoY to Rs 50.02 crore in the quarter ended 30 September 2024.
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