Jash Engineering's order book opens at Rs435 crore for new fiscal year; stock adds ~1.5%

11 Apr 2022 , 11:16 AM

Jash Engineering Limited has informed that in the month of March 2022, the consolidated orders received by the company are worth Rs28 crore, of which orders worth Rs10 crore are for the Indian market and orders worth Rs18 crore are for markets outside India.

After adjusting short closed orders, the total consolidated order book position of the company as of 1st April 2022 is Rs435 crore out of which orders worth Rs127 crore are for the Indian market and orders worth Rs308 crore are for markets outside India.

The company received significant orders from Khiladi Infrastructure, NCC Limited, Enviro Infra, Fullink Hongkong, and River Renew.

It further informed that orders worth Rs17 crore were short closed on account of non-resolution of price escalation, project execution delays & non-receipt of advances. The company has not initiated work on these orders and if these issues will be resolved, these orders will be added back to the pending order book.

As of 1st April 2022, consolidated orders worth Rs19 crore have been negotiated with clients, and formal purchase orders are awaited. Out of this Rs14 crore are for the Indian market and Rs5 crore are for projects outside India.

Jash Engineering’s stock gained 1.37% in today’s trade at Rs558 against its previous close of Rs550.45 on NSE.