Jaykay Enterprises JV Secures Rs. 162 Crore Order from Ircon
Filing Summary
Jaykay Enterprises Limited, through its joint venture J K Phillips LLP, has received an order from Ircon International Limited valued at Rs. 162 Crores. The contract involves the design, supply, installation, commissioning, and training of CNC machines for MSME training centers across various locations. The project is scheduled for completion within 240 days from December 16, 2025. This development aligns with the Government of India’s Viksit Bharat vision, focusing on capacity building and digital transformation.
Jaykay Enterprises Limited, in collaboration with Phillips Machine Tools India Private Limited, operates a joint venture named J K Phillips LLP. This joint venture has secured an order from Ircon International Limited, a Navratna company and a Government of India undertaking. The order, valued at Rs. 162 Crores including GST, was confirmed on December 16, 2025.
The contract involves the design, supply, installation, commissioning, and training of various types of CNC machines. These machines are intended for MSME training centers located at multiple sites. The project is to be executed on a turnkey basis under the GE-Package-1. The completion period for this contract is set at 240 days from the date of the Letter of Acceptance.
The order from Ircon is domestic in nature and does not involve any related party transactions. There is no interest from the promoter or promoter group in the entity awarding the contract. The project aims to support the formalization and skilling of MSMEs, aligning with the Government of India’s Viksit Bharat vision.
Ircon International Limited is a prominent player in the infrastructure sector, focusing on construction services for railways, highways, and other infrastructure projects. The company is known for its expertise in executing large-scale projects both domestically and internationally.
Jaykay Enterprises Limited is engaged in providing high technology digital manufacturing solutions. The company collaborates with global partners such as Phillips Corporation, USA, to enhance its offerings in the digital manufacturing domain. Jaykay continues to focus on expanding its capabilities in providing advanced manufacturing solutions.