JASH Engineering received orders worth Rs44cr in December 2020

Out of the total consolidated orders, Rs10.55cr worth of orders is for the Indian market while the rest is for foreign markets.

Jan 11, 2021 02:01 IST India Infoline News Service

JASH Engineering stocks were marginally down and trading at Rs223 per piece on NSE at around 2:06 PM after the company gave a business update.

The company said that the consolidated orders it received are worth Rs44.41cr out of which Rs10.55cr worth of orders are for the Indian market. the remaining Rs33.86cr worth of orders are for the markets outside India.

The significant contributors to the monthly order booking of Decemberr 2020 are Adani Infra- Ahmedabad, Khiladi Infrastructure - Mumbai, Satish Kumar & Co. - Ghaziabad and Savalia Jaysukh M.- Surat from India and Sanli M&E Engg Pvt Ltd - Singapore, Fullink Technologies Limited- Hong Kong and Al Raida Engineering & Industrial Services - Qatar from International Market.

On January 1, 2021 the total outstanding consolidated order book position of the company was Rs411.83cr out of which Rs143.05cr is for Indian market and Rs268.78cr worth of orders are from markets outside India.

According to the company, out of the total outstanding consolidated orders of Rs268.78cr for markets outside of India, Rs116.01cr constitute orders for USA market and Rs152.77cr constitute orders for rest of the world.

On January 1, 2021, consolidated orders worth Rs27.55cr are negotiated with clients but are yet not received as formal orders. Out of this Rs14.87cr worth of orders are from Indian market and Rs12.69cr worth of orders are for markets outside India.

The company said that it has received its second largest order for Knife Gate Valve and Slife Gate Valve from export market worth Rs17.72cr for Tuas Water Reclamation Plant Contract 4A project in Singapore. With this order the company said it has now received orders worth over Rs75cr for various packages of TWRP, Singapore. The company is in the race for few more packages of TWRP and is targeting total booking of over Rs100cr worth of orders from this project which will then be executed in next  2 years.

Related Story

Open Free Demat Account (Rs699)