Jaykay Enterprises Limited has announced that its joint venture, J K Phillips LLP, has secured a major order from IRCON International Limited valued at ₹162.25 crore, inclusive of GST. The contract marks a significant step forward for the company in the industrial equipment and technical training segment.
The order involves the supply of CNC machines to MSME training centres across India under a turnkey execution model. The project will support skill development initiatives by equipping training facilities with advanced manufacturing equipment tailored for modern industrial requirements.
J K Phillips LLP is a 50:50 joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, a subsidiary of Phillips Corporation, USA. The partnership combines domestic market knowledge with global manufacturing and technology expertise to deliver end-to-end CNC solutions.
Under the contract, the joint venture will be responsible for the complete lifecycle of project execution, including customised machine design, procurement and supply, installation and commissioning at training locations, and structured training programmes for operators and maintenance personnel.
The IRCON contract strengthens the joint venture’s role in India’s skill development ecosystem and aligns with national initiatives aimed at modernising MSMEs under the Viksit Bharat vision. By enhancing access to advanced manufacturing tools, the project supports workforce upskilling and the digital transformation of small and medium enterprises.
From a business perspective, the ₹162.25 crore order represents a meaningful revenue opportunity and reinforces Jaykay Enterprises’ position as a provider of high-technology manufacturing solutions. Collaboration with global technology partners such as Phillips Corporation, USA, further enhances the company’s ability to deliver large-scale projects through government and public-sector channels.
