JASH Engineering on Thursday said that in May 2021, the company's consolidated orders amounted to Rs23.77cr which included Rs8.88cr for Indian markets and the remaining Rs14.89cr for markets outside India.
In its regulatory filing, JASH said that the significant contributors to the monthly order booking of May 2021 from India are Ansh Infratech - Mumbai, Sia Engineering Projects - Ahmedabad, Toshiba Water - Gurugram and Larsen & Toubro - Chennai from India. From overseas market, Fullink Technologies - Hong Kong, Pacoima Spreading Grounds Basin - USA and Hunts Point WPCP East Primary Settling Tanks - USA.
In May 2021, the company received an order for the supply of 2700 dia and 3000 dia Knife Gate Valves for a project of the Municipal Corporation of Greater Mumbai. These are the largest size Knife Gate Valves to be installed in India for sewage application.
Further, JASH highlighted that as of June 01, 2021, its consolidated pending order position stood at Rs427cr out of which Rs156cr was in the Indian market and Rs271cr in the international market.
As of June 01, 2021, the company's consolidated orders worth Rs21cr has been negotiated with clients and formal purchase orders are awaited. JASH said, "After negotiating an order, it may take up to 2 months to receive a formal purchase order from the client. Once a purchase order is received, we remove its value from the list of "negotiated orders" and move it to list of order received in a given month and add it to the total outstanding consolidated order book position.
At around 11:14 AM, JASH Engineering was trading at Rs392.95 per piece flat compared to the previous closing on Sensex.