PROJECT

Projects

Summary of Investment Information

Project Number

40251

Company Name

JAIN IRRIGATION SYSTEMS LIMITED

Date SPI Disclosed

Feb 22, 2018

Country

India

Region

South Asia

Projected Board Date

Feb 26, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 28, 2018

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 27, 2018
Signed : Mar 31, 2018
Invested : Jun 14, 2018

Sector

Other

Project Description

Jain Irrigation Systems Limited (“JISL” or the “Company”) is one of India’s largest integrated agribusiness players, with operations in Micro Irrigation Systems (MIS), plastic pipes and sheets, dehydrated vegetables, processed fruits and other smaller businesses including tissue culture, agri-tech solutions and green energy. It is headquartered in Jalgaon in the western Indian state of Maharashtra. JISL is India’s leader in Micro Irrigation Systems and the second largest globally; it is also the largest manufacturer of plastic pipes in India.

The Company had revenues of approximately US$ 1 billion for the last financial year (FY) ended March 31, 2017 and had a market capitalization of approximately US$ 930 million as of February 2, 2018.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation