Deals11 Aug 2025, 04:04 pm
Jaykay Enterprises Subsidiary, Allen Reinforced Plastics, Receives LOI from BrahMos Aerospace and Bharat Dynamics Valued at Approx. Rs. 109.35 Crores
AI Summary
Jaykay Enterprises Ltd. has announced that its step-down subsidiary, Allen Reinforced Plastics Limited, has received a Letter of Intent (LOI) from BrahMos Aerospace Private Limited and Bharat Dynamics Limited. The LOI from BrahMos is valued at approximately Rs. 94.45 Crores (including GST), while the LOI from Bharat Dynamics is valued at approximately Rs. 15.90 Crores (including GST). These LOIs, upon conversion into definitive orders, are expected to strengthen Allen's project pipeline and contribute to its future revenues. The LOIs are for the manufacture of composite parts and making composite Air Frames & Launcher Tubes as per the requirements to be provided by the respective entities.
Key Highlights
- Jaykay Enterprises' subsidiary, Allen Reinforced Plastics, receives LOI from BrahMos Aerospace and Bharat Dynamics.
- The LOI from BrahMos is valued at approximately Rs. 94.45 Crores (including GST).
- The LOI from Bharat Dynamics is valued at approximately Rs. 15.90 Crores (including GST).
- Upon conversion into definitive orders, these LOIs are expected to strengthen Allen's project pipeline and contribute to its future revenues.
- The LOIs are for the manufacture of composite parts and making composite Air Frames & Launcher Tubes.