Jain Irrigation Systems expects to perform better in FY15 and is likely to post 18-20% growth. The company has pared its debt by Rs 250 crore. Earlier in March, the company was planning to divest 30-35% stake in the 10-year-old food-processing unit to strategic investors in a bid to cut debt and boost growth.
Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.
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