Jaykay Enterprises Ltd JV J K Phillips LLP receives order worth Rs. 139.48 crores

J K Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited (a subsidiary of Phillips Corporation, USA), has received an Order/Letter of Acceptance ("LOA") from Ircon International Limited (a Navratna Company and a Govt. of India Undertaking) for a contract value of Rs. 139.48 Crores (including GST).

Key Highlights of the LOA:

- Design, Supply, Installation, Commissioning, & Training of various types of Conventional machineries for MSME training centers located at different places in India on turnkey basis

- The Key machineries include CNC EDMs (Wire/Wire-cut/Die/Sinking), CMM EDMs, 3D Printers (Polymer/Metal - small, medium and Large)

- The Completion Period is 240 days from the date of LOA viz 24th Sept 2025

Strategic Market Impact:

- MSMEs centers are engines for economic growth, job creation, export promotion and crucial element in achieving the "Viksit Bharat" initiative - a vision to make India a developed nation by 2047, its 100th year of Independence

- The above turnkey contract is aimed at capacity building and digital transformation, leveraging government procurement, and supporting the formalization and skilling of the MSMEs

Significance:

This LOA marks a major milestone for Jaykay Enterprises Limited, reinforcing its strategy of providing high technology Digital Manufacturing solutions in partnership with leading global players such as Phillips Corporation, USA.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 201.45 as compared to the previous close of Rs. 197.05. The total number of shares traded during the day was 782923 in over 5358 trades.

The stock hit an intraday high of Rs. 210.00 and intraday low of 194.60. The net turnover during the day was Rs. 159362944.00.

Source : Equity Bulls

Keywords

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