Jaykay Enterprises soars as its JV receives LoA from Ircon International
Jaykay Enterprises is currently trading at Rs. 212.00, up by 10.55 points or 5.24% from its previous closing of Rs. 201.45 on the BSE.
The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 224.50 and Rs. 209.00 respectively. So far 286440 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 224.50 on 25-Sep-2025 and a 52 week low of Rs. 88.00 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs. 224.50 and Rs. 184.15 respectively. The current market cap of the company is Rs. 2868.27 crore.
The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 0.16% and 36.96% respectively.
J K Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises and Phillips Machine Tools India (a subsidiary of Phillips Corporation, USA), has received an Order/Letter of Acceptance (LoA) from Ircon International for a contract value of Rs 139.48 crore (including GST).
The LoA is for Design, Supply, Installation, Commissioning & Training of various types of plant & machineries for MSME Training Centres located at various locations in India on turnkey basis (GE-Package-2). 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 September 24, 2025.
The above turnkey contract is aimed at capacity building and digital transformation, leveraging government procurement, and supporting the formalization and skilling of the MSMEs. This LOA marks a major milestone for Jaykay Enterprises, reinforcing its strategy of providing high technology Digital Manufacturing solutions in partnership with leading global players such as Phillips Corporation, USA.
Jaykay Enterprises manufactures synthetic yarns, fibres and fabrics, portland and white cement, chemicals, fertilisers, pharmaceuticals and synthetic fibre-making machinery, and chemicals, and develops renewable energy sources.
