J K Phillips LLP bags contract of Rs. 162.25 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. 162.25 Crores (including GST).

Key Highlights of the LOA:

- Design, Supply, Installation, Commissioning, & Training of various types of CNC Machines for MSME Training Centers located at various locations on turnkey basis (GE-Package-1)

- The Completion Period is 240 days from the date of LOA viz December 16, 2025

Significance:

- The above turnkey contract is aimed at capacity building and digital transformation, leveraging government procurement, and supporting the formalization and skilling of the MSMEs, in line with Viksit Bharat vision of Government of India.

- This LOA further consolidates business of Jaykay Enterprises Limited, as a provider of high technology Digital Manufacturing solutions in partnership with global players such as Phillips Corporation, USA.

Shares of JAYKAY ENTERPRISES LTD. was last trading in BSE at Rs. 204.60 as compared to the previous close of Rs. 200.20. The total number of shares traded during the day was 81773 in over 2107 trades.

The stock hit an intraday high of Rs. 208.75 and intraday low of 196.00. The net turnover during the day was Rs. 16514981.00.

Source : Equity Bulls

Keywords

JAYKAYENTERPRISES INE903A01025 NBFC JKPhillipsLLP JV PhillipsMachineToolsIndia