Mumbai (Udaipur Kiran News): Shares of Jaykay Enterprises Ltd surged over 5% on Thursday after its joint venture with Phillips Machine Tools India secured a major order from Ircon International.
The stock was trading at ₹212.00 on the BSE, up ₹10.55 or 5.24% from the previous close of ₹201.45. It opened at ₹222.00 and touched an intraday high of ₹224.50—also its 52-week high—and a low of ₹209.00. Around 2.86 lakh shares were traded during the session. The company’s market capitalization now stands at ₹2,868.27 crore.
Promoters hold 62.89%, while institutional investors own 0.16% and non-institutional shareholders 36.96%.
Jaykay’s JV, J K Phillips LLP (50:50 with Phillips Machine Tools India, a subsidiary of Phillips Corporation, USA), received a Letter of Acceptance (LoA) from Ircon International for a contract worth ₹139.48 crore (including GST).
The turnkey project involves the design, supply, installation, commissioning, and training of advanced plant and machinery for MSME Training Centres across India under GE-Package-2. Key equipment includes CNC EDMs, CMM EDMs, and polymer/metal 3D printers in various sizes. The project must be completed within 240 days from September 24, 2025.
This order, aimed at capacity building and digital transformation in the MSME sector, marks a strategic milestone for Jaykay Enterprises, strengthening its focus on high-technology digital manufacturing solutions in collaboration with global leaders like Phillips Corporation, USA.
Jaykay Enterprises operates across sectors including synthetic yarns, cement, chemicals, pharmaceuticals, fibre machinery, and renewable energy development.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.