Jain Irrigation Systems shares rally 14% as firm commissions new biochar plant in Maharashtra

Jain Irrigation Systems shares rallied 14% to touch an intraday high of ₹33.09 apiece on Thursday, June 4, after the company said it has commissioned a new facility in Maharashtra.

The company, in a statement, informed the exchanges that it has commissioned a ~20,000 tonne/annum high-tech industrial-scale biochar facility along with its partners in Jalgaon, Maharashtra. The facility is expected to help advance climate-smart agriculture, circular manufacturing, and engineered carbon removal at a commercial scale.

“With a processing capacity of more than 50 metric tonnes of agricultural and fruit processing residue per day, the Jalgaon plant stands among the world’s largest single-unit biochar reactors, placing India at the forefront of the global biochar and carbon removal movement,” Jain Irrigation Systems said in the filing.

The firm worked with global experts in the field to design and implement the project. Further, the plant is the first of multiple biochar reactors, with additional units already under development, the company added.

The company also explained that by creating value from agricultural residue, the project opens new income streams for farmers, lowers dependence on synthetic inputs, and advances a regenerative model where productivity, profitability, and sustainability reinforce each other.

The statement pointed out that JISL’s current setup in micro-irrigation, planting materials, agri-food processing, and solar systems, along with its wide distribution network that reaches millions of farmers, creates a ready-made way to deliver biochar directly to farms on a large scale, giving it a unique advantage that no other biochar producer in India has right now.

India generates over 500 million tonnes of crop residue annually, much of which is openly burnt.

What is biochar?

Biochar is a stable, carbon-rich material produced through pyrolysis, where agricultural crop residue is heated in a low-oxygen environment. Unlike the unsustainable disposal or open burning of crop residue, which contributes to emissions, converting this residue into biochar stores carbon in a durable form for hundreds of years while simultaneously improving soil health.

It is widely regarded as one of the most credible and durable forms of carbon dioxide removal (CDR).

Jain Irrigation Systems share price

At 10:37 AM, Jain Irrigation Systems shares were trading at ₹31.98 apiece on the National Stock Exchange, rising 9.82%.

Shares of the company have fallen 4.5% over a month, while they have declined 27% in the past six months. From the beginning of the year, Jain Irrigation Systems shares have tumbled 24%.

The company has a market capitalisation of ₹2,267.46 crore.

Shares of the company had touched their one-year high of ₹66.45 apiece on June 10, 2025, while their 52-week low of ₹27.10 was hit on March 23, 2026.