Joint Venture16 Dec 2025, 03:24 pm
Jaykay Enterprises Secures Rs. 162.25 Crores Contract from Ircon International
AI Summary
Jaykay Enterprises Ltd has announced that its 50:50 Joint Venture, J K Phillips LLP, has received an Order/Letter of Acceptance ('LOA') from Ircon International Limited for a contract value of Rs. 162.25 Crores (including GST). The contract involves the design, supply, installation, commissioning, and training of various types of CNC machines for MSME Training Centers located at various locations on a turnkey basis. The completion period for this project is 240 days from the date of LOA, i.e., December 16, 2025.
Key Highlights
- The contract is aimed at capacity building and digital transformation, aligning with the Viksit Bharat vision of the Government of India.
- This LOA further consolidates the business of Jaykay Enterprises Limited as a provider of high technology Digital Manufacturing solutions in partnership with global players such as Phillips Corporation, USA.
- The contract is worth Rs. 162.25 Crores (including GST).
- The completion period for the project is 240 days from the date of LOA.
- The project is a joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited.