Deals8 Aug 2025, 08:01 pm
Jaykay Enterprises' Subsidiary, Allen Reinforced Plastics, Receives LOIs from BrahMos Aerospace and Bharat Dynamics Limited Totaling Approx. Rs. 109.35 Crores
AI Summary
Jaykay Enterprises Ltd. has announced that its step-down subsidiary, Allen Reinforced Plastics Limited (formerly Allen Reinforced Plastics Private Limited), has received Letters of Intent (LOIs) from BrahMos Aerospace Private Limited and Bharat Dynamics Limited. The total value of these LOIs, including GST, is approximately Rs. 94.45 crores from BrahMos Aerospace and Rs. 15.90 crores from Bharat Dynamics Limited. These LOIs, upon conversion into definitive orders, are expected to bolster Allen's project pipeline and significantly contribute to its future revenues. This disclosure will also be available on the company's website.
Key Highlights
- Jaykay Enterprises' subsidiary, Allen Reinforced Plastics, receives LOIs from BrahMos Aerospace and Bharat Dynamics Limited.
- The total value of the LOIs, including GST, is approximately Rs. 109.35 crores.
- These LOIs are expected to strengthen Allen's project pipeline and contribute to its future revenues.
- The LOIs are expected to be converted into definitive orders.
- The disclosure will be hosted on the company's website.