Jash Engineering bags orders worth Rs20cr in Sept 2021; Stock jumps over 2%

As on October 1, 2021, the total outstanding consolidated order book position of the company is Rs488cr.

Oct 11, 2021 01:10 IST India Infoline News Service

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JASH Engineering has informed the exchange regarding corporate earnings and orders received by the company in the month of September 2021.

In the month of September 2021, the consolidated orders received by the company are worth Rs20cr out of which orders worth Rs11cr are for Indian market and orders worth Rs9cr are from markets outside India.

The significant contributors to the monthly order booking of September 2021 are Toshiba Water Solutions-Gurgaon, Enviro Control-Surat, P&C Projects-Chennai and VA Tech Wabag from India and Invent-Germany and Meadowlands PS Slide Gate Replacement-USA from international market.

As on October 1, 2021, the total outstanding consolidated order book position of the company is Rs488cr out of which orders worth Rs185cr are for Indian market and orders worth Rs303cr are for markets outside India.

Of the total outstanding consolidated orders worth Rs303cr for markets outside India, Rs138cr consitutes orders for USA market and remaining Rs165cr consitute orders for rest of the world.

As on October 1, 2021, consolidated orders worth Rs18.42cr have been negotitated with clients and formal purchase orders are awaited. Out of this Rs7.22cr worth of orders are for Indian markets and Rs11.20cr worth of orders are for markets outside India.

After negotiating an order, it may take up to 2 months to receive a formal purchase order from the client, said company in a regulatory filing.

At around 1:30 PM, Jash Engineering was trading at Rs490.15 per piece higher by 2.01% on the NSE.

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