The order, valued at about Rs 94.45 crore including GST, is for the manufacture of composite parts, Jaykay Enterprises said in a filing to the stock exchanges. This development follows the Letter of Intent announced earlier on August 11, which has now materialised into a definitive order.
The company said the contract is domestic in nature and will be executed as per the terms and conditions specified by BrahMos Aerospace. Jaykay Enterprises clarified that neither its promoter group nor group companies hold any interest in BrahMos Aerospace, and the transaction does not fall under related-party arrangements.
Jaykay Enterprises is a diversified business group with operations in high-precision, 3D printing, and composite manufacturing, serving the healthcare, defence, and aerospace sectors. The company also works on engineering, digital printing, and AI-based solutions aimed at advancing automation and manufacturing processes.
Last week, the company announced that its subsidiary, JK Digital & Advance Systems, entered into a Transfer of Technology (ToT) Agreement with the Central Scientific Instruments Organisation (CSIO), Chandigarh, a CSIR laboratory. The agreement relates to the indigenous manufacturing of advanced 3D-printed lattice orthopedic implants using additive manufacturing technology.
This, it said, marks a step forward in Jaykay Enterprises’ efforts to develop indigenous solutions in the healthcare sector.Shares of the company closed at Rs 184.3, higher by 14.5% from the last close on the NSE. Jaykay Enterprises’ stock has rallied 100% in the past year and delivered a staggering 8,900% gain in the last five years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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