J K Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises and Phillips Machine Tools India (a subsidiary of Phillips Corporation, USA), has received an Order/Letter of Acceptance (LoA) from Ircon International for a contract value of Rs 139.48 crore (including GST).
The LoA is for Design, Supply, Installation, Commissioning & Training of various types of plant & machineries for MSME Training Centres located at various locations in India on turnkey basis (GE-Package-2). The Key machineries include CNC EDMs (Wire/Wire-cut/Die/Sinking), CMM EDMs, 3D Printers (Polymer/Metal - small, medium and Large). The completion period is 240 days from the date of LOA viz September 24, 2025.
The above turnkey contract is aimed at capacity building and digital transformation, leveraging government procurement, and supporting the formalization and skilling of the MSMEs. This LOA marks a major milestone for Jaykay Enterprises, reinforcing its strategy of providing high technology Digital Manufacturing solutions in partnership with leading global players such as Phillips Corporation, USA.
Jaykay Enterprises manufactures synthetic yarns, fibres and fabrics, portland and white cement, chemicals, fertilisers, pharmaceuticals and synthetic fibre-making machinery, and chemicals, and develops renewable energy sources.
