| Contract Size | 19,000 TBiochar Credits |
|---|---|
| Market Cap | ₹2,034.49 CrSmall Cap |
| P/E TTM | -38.05Sector 51.5 |
| 1-Year Return | -45.18%Price Performance |
| Execution period | 2026 and 2027 |
Key highlights
- Agreement covers up to 19,000 tonnes of biochar carbon removal credits
- Credits will be generated from the Company's industrial biochar facility at Jalgaon, Maharashtra
- Partner Supercritical Tech Ltd. is a UK-based marketplace serving over 200 corporate buyers
- Project is undergoing verification through Puro.earth with a BeZero Carbon rating underway
- The agreement focuses on operations for the years 2026 and 2027
Monetising Sustainable Infrastructure in Jalgaon
Jain Irrigation Systems Limited is advancing its sustainability portfolio by entering a marketing tie-up with Supercritical Tech Ltd. for biochar carbon removal credits. This agreement relates to the company's industrial biochar facility in Jalgaon, Maharashtra, which was commissioned in June 2026.
The facility utilizes gasification technology to convert agricultural and food-processing residues into durable biochar. This process provides a dual benefit by contributing to carbon sequestration and supporting sustainable agricultural practices. The credits, covering up to 19,000 tonnes for the 2026-2027 period, represent a new revenue stream from the company's existing environmental infrastructure.
Strategic Partner Profile: Supercritical Tech
- London-based carbon removal marketplace founded in 2021
- Serves over 200 corporate buyers and tracks more than 600 suppliers
- Reported net assets of approximately GBP 2.1 million as of December 31, 2025
- Maintains cash balances of approximately GBP 4.4 million
- Acts as an international intermediary for durable carbon removal credits
Navigating Financial Volatility with Green Initiatives
The partnership comes at a time when Jain Irrigation is managing significant financial headwind. For the quarter ended June 30, 2026, the company reported a net loss of ₹14.93 crore, a 207.2% decline compared to the same quarter last year. Operating revenue also saw a year-on-year dip of 2.41% to ₹1,508.37 crore.
Despite these quarterly challenges, the company's stock experienced a 19.87% daily surge following the announcement. The move into carbon credits aligns with previous strategic MoUs, including a July 2026 agreement with Indian Potash Limited for drip irrigation expansion and a 2025 collaboration with NRCB for smart banana farming.
Verification and Market Standards
To ensure the global tradeability of these credits, the Jalgaon biochar project is undergoing a rigorous verification process. It is currently being assessed through Puro.earth, a leading standard for engineered carbon removal. Additionally, an independent rating from BeZero Carbon is underway to provide transparency to international buyers.
This structured approach to verification is essential for establishing the quality and durability of the carbon removal, which is a prerequisite for the corporate buyers on the Supercritical marketplace. The arrangement is not classified as a related-party transaction, and the promoters hold no interest in the partner entity.
| Date | Announcement | Amount |
|---|---|---|
| 28 Oct 2026 | Agreement with Supercritical for up to 19,000 tonnes of biochar carbon removal credits from Jalgaon facilitySource: BSE filing | – |
| 11 Jul 2026 | MoU with Indian Potash Limited (IPL) to expand drip irrigation and precision practices in sugarcane farming across GujaratSource: chinimandi.com | – |
| 21 Aug 2025 | MoU with ICAR–National Research Centre for Banana (NRCB) to promote smart banana farming and technological collaborationSource: scanx.trade | – |
| 06 Jan 2025 | Licensing and technology transfer agreement facilitated by Agrinnovate India with ICAR-CISH for Fusarium wilt bio-immunisation technology in tissue-culture banana plantsSource: icar.org.in | – |
What to watch next
- Board meeting to approve Q2/H1 FY27 financial results on November 04, 2026
- Finalization of the BeZero Carbon rating for the Jalgaon facility
- Completion of the Puro.earth verification process for 2026 credit tranches
- Progress toward double-digit revenue growth guidance for FY27
| Share price | ₹28.47 |
|---|---|
| Market capitalisation | ₹2,034.49 Cr |
| Revenue (annual) | ₹6,399.52 Cr |
| Net profit (annual) | -₹24.61 Cr |
| Revenue (latest quarter) | ₹1,508.37 Cr-17.30% vs previous quarter |
| Net profit (latest quarter) | -₹14.93 Cr-24.31% vs previous quarter |
| P/E (TTM) | -38.05×Sector 51.5× |
| Promoter holding | 26.68%0.00% QoQ |
| FII holding | 2.13%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jain Irrigation Systems Limited announcing an agreement for biochar carbon removal credits with Supercritical Tech Ltd. Market figures from a third-party data provider.
