Jai Corp Ltd Company Summary

Jai Corp Ltd Summary

Jai Corp Limited (JCL) was incorporated on 6 June, 1985. The Company obtained Certificate of Commencement of Business on 12th June, 1985. The Company has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate.After a month, in July of the same year, the Company entered the capital market with a public issue. JCLs own manufacturing facility with an installed capacity of 800 t.p.a at Murbad in Maharashtra was commenced commercial production in January of the year 1987 to manufacture HDPE/PP Woven Sacks. The second unit went on stream in January of the year 1990 with an installed capacity of 1,200 t.p.a at Murbad for manufacturing of FIBC fabrics and HDPE/PP Woven sacks. The Company then had set up its third unit at Silvassa, for manufacturing FIBC, popularly known as Jumbo Bags, where the commercial production commenced in February, 1992. The 100% Export Oriented Unit was established at Village Kahdoli, Silvassa for manufacture of woven sacks, fabric etc in the year 2002-03. The Company had discontinued its manufacturing operations at plastic processing unit situated at Rakholi (Silvassa) from November of the year 2003. Jai Corp had promoted three number of Special Purpose Vehicles (SPV) for generation, transmission and distribution of Power to Special Economic Zone area. These SPVs are co-developer under the provisions of SEZ Act, 2005. These Companies are as under, Urban Energy Generation Pvt. Ltd, Urban Energy Transmission Pvt. Ltd and Urban Energy Distribution Pvt. Ltd. In September of the year 2007, the company had acquired Urban Infrastructure Venture Capital, Pet Fibres, Urban Infrastructure Trustee and Prime Wovens. During the year 2017, Assurene Products Corporation ceased to be a subsidiary company of the Company.Jai Realivventures Limited, a wholly owned subsidiary was merged with the Company through Scheme of Amalgamation effective from March 19, 2020 in FY 2020. During the quarter ended 31 December 2020,the company sold/ transferred one of the manufacturing units in Packaging Division situated at Daman.The key strength to industrial development lies in search for new products and new technologies. Sipta Coated Steels (Sipta)-quest for innovation and development, coupled with diversified applications of galvanised sheets, led to the setting up of a plant for manufacturing galvanised plain and corrugated steel sheets of thin & medium thickness, in collaboration with COCKERILL MECHANICAL INDUSTRIES, Belgium, who possess worldwide experience in setting up continuous galvanishing lines.The entire manufacturing facility is harnessed with some of the worlds best technologies, systems and equipment for weaving and extrusion. Weaving facilities are equipped with 58 Flat/Sulzer looms, 200 circular looms, 8 coating lines (max. 3.0 meters), shaped liner and Liner Gluing facilities, Mueller machines for webbings in addition to in-house testing facilities such as test rig, UV Weatherometer, tensile and permeability testers.