Iron & Steel Products Company Bags Order Worth Rs 94.86 Crore from ABI Energy Solutions Ltd
DSIJ Intelligence-1Categories: Mindshare, Trending
The company has a market cap of Rs 497 crore and the stock is up by 27.5 per cent from its 52-week low of Rs 178.05 per share.
Jay Bee Laminations Limited has received a domestic work order worth approximately Rs 94.86 crore from ABI Energy Solutions Limited. The contract is for the supply of plant and installation services related to the engineering, procurement, construction, and commissioning of transmission and distribution lines in Haryana. The project is expected to be completed within a period of approximately 12 months.
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Established in 1988, Jay Bee Laminations Ltd. is a manufacturer of Cold-Rolled Grain-Oriented (CRGO) silicon steel cores, which are used primarily in the power and distribution transformer industry. The company produces cut laminations, slit coils, and assembled cores, catering to transformers up to 220 kV. It has discontinued the production of CRNGO silicon steel cores as of the first half of FY25.
Jay Bee Laminations Ltd. has a strategic goal of expanding its market reach to the high-voltage segment, with a target of supplying cores for power transformers in the 400 kV and 765 kV range by the second half of FY25.
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In FY25, the company reported net sales of Rs 367 crore and net profit of Rs 25 crore. The company has a market cap of Rs 497 crore and the stock is up by 27.5 per cent from its 52-week low of Rs 178.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.