Jash Engineering bags both domestic and international orders worth Rs46cr during June 2021

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

In the month of June 2021, the consolidated orders received by the company are worth Rs46.41cr out of which orders worth Rs14.10cr are for Indian market and orders worth Rs32.31cr are from markets outside India.

The significant contributors to the monthly order booking of June 2021 are L&T-Chennai, Rajkamal Builders-Ahemdabad, Jyoti Limited-Vadodara and LC Infra Projects-Ahemdabad from India and Atal Engineering -Hong Kong, Onshore Construction-Nigeria, Bird Island-USA, Hanna St-USA & Pacoima- USA from international market.

As on 1st July 2021, the total outstanding consolidated order book position of the company is Rs460cr out of which orders worth Rs163cr are for Indian market and orders worth Rs297cr are for markets outside India.

Of the total outstanding consolidated orders worth Rs297cr for markets outside India, Rs131cr consitutes orders for USA market and remaining Rs166cr consitute orders for rest of the world.

As on 1st July 2021, consolidated orders worth Rs30cr have been negotitated with clients and formal purchase orders are awaited. Out of this Rs21cr worth of orders are for Indian markets and Rs9cr 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. 

In the month of June 2021, the company has received first order for 2 nos. of Disc filter machines fora project in India. 

The company also vaccinates 98% of the staff members and workers, in view of the second wave of COVID and government guidelines.

At around 10:40 AM, Jash Engineering was trading at Rs595 per piece higher by 0.84% on the NSE.