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Mahindra EPC Irrigation Secures New Micro Irrigation Contracts Worth Rs. 3.40 Crores
Team Finance Saathi
28/Dec/2024
What's covered under the Article:
- Mahindra EPC Irrigation awarded a significant contract for supplying micro irrigation systems.
- The contract is valued at approximately Rs. 3.40 Crores and will be executed within 12 months.
- The contract is awarded by the Office of the Asst. Engineer and does not involve related party transactions.
Mahindra EPC Irrigation Limited, a part of the Mahindra Group, is known for delivering state-of-the-art irrigation solutions across India. The company provides comprehensive services, from project execution to after-sales support, in areas such as micro irrigation systems, drip irrigation, and sprinkler irrigation. Mahindra EPC has established a reputation for providing cost-effective and environmentally sustainable solutions, ensuring that the agricultural sector has access to the best irrigation technologies.
The Importance of Micro Irrigation in India’s Agricultural Sector
Micro irrigation systems are becoming increasingly essential in India’s agriculture sector, which is heavily reliant on water resources. By employing techniques like drip irrigation, farmers can optimize water usage and enhance crop productivity. These systems are particularly important in regions facing water scarcity, where efficient water management is crucial for sustaining agriculture. The implementation of micro irrigation systems aligns with government initiatives to promote sustainable farming practices.
Regulatory Compliance and Disclosure
In compliance with Regulation 30(3) and 30(4) of SEBI's Listing Regulations, Mahindra EPC has provided detailed disclosures regarding the contract’s size, scope, and execution timeline. This reflects the company’s adherence to the strict regulatory framework set by SEBI to ensure transparency and accountability in corporate disclosures. Furthermore, these updates are being shared on the company’s official website to provide stakeholders with timely and accurate information about the ongoing projects.