J K Phillips LLP, a 50:50 Joint Venture (JV) 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 (a Navratna Company and a Govt. of India Undertaking) for Design, Supply, Installation, Commissioning, & Training of various types of CNC Machines for MSME Training Centers located at various locations on turnkey basis (GE-Package-1), for a contract value of Rs 162.25 crore (including GST). The completion period is 240 days from the date of LOA viz December 16, 2025.
The said turnkey contract is aimed at capacity building and digital transformation, leveraging government procurement, and supporting the formalization and skilling of the MSMEs, in line with Viksit Bharat vision of Government of India. This LOA further consolidates business of Jaykay Enterprises, as a provider of high technology Digital Manufacturing solutions in partnership with 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.
