Joint Venture24 Sept 2025, 10:54 pm
Jaykay Enterprises' Joint Venture Secures Rs. 139.48 Crore Contract from Ircon International
AI Summary
J K Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, has received an Order/Letter of Acceptance ('LOA') from Ircon International Limited for a contract value of Rs. 139.48 Crores (including GST). The contract involves the design, supply, installation, commissioning, and training of various types of conventional machineries for MSME training centers located at different places in India on a turnkey basis.
Key Highlights
- The contract value is Rs. 139.48 Crores (including GST)
- The contract involves the supply of CNC EDMs, CMM EDMs, and 3D Printers
- The completion period is 240 days from the date of LOA (viz 24th Sept 2025)
- This 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 Limited, reinforcing its strategy of providing high technology Digital Manufacturing solutions in partnership with leading global players such as Phillips Corporation, USA