Synopsis:
Jash Engineering Ltd is expanding its market presence by setting up a new plant in Chennai and acquiring 80 percent of WesTech India.
The shares of this water management company that provides water intake systems, water pumping solutions, transmission lines, and others are in focus after it launched a new plant and announced a strategic acquisition.
With a market capitalization of Rs. 3,649 Crores, the shares of Jash Engineering Ltd opened at Rs. 577.00 per equity share, from its previous day’s closing price of Rs. 574.15, and made an intraday high of Rs. 588.00 per equity share.
What’s the News
Jash Engineering Ltd has officially announced the opening of a new manufacturing facility and office for the Shivpad Process Equipment Division at SIPCOT Vallam Vadagal, near Chennai. With a built up area of 58,500 sq. ft., this plant is expected to strengthen the company’s position in the municipal water treatment equipment sector.
The plant will help improve delivery timelines, increase project capacity, and even allow the company to take on larger orders, including those from international markets. Commercial production from the Chennai unit is set to begin in August 2025.
Strategic Acquisition
Jash Engineering has announced its plan to acquire a 90 percent stake in WesTech Process Equipment India Pvt. Ltd. (WPEIPL), Mumbai. The acquisition includes 80 percent from WesTech LLC, USA, and 10 percent from Indian employees, with the remaining 10 percent to be purchased after three years at a pre-agreed valuation.
This acquisition also gives Jash Engineering Ltd access to industrial segments like mining, metals, and paper, and brings in an experienced team to boost its product offerings and market reach.
About the company
Jash Engineering Limited is a leading manufacturer of equipment used in water and waste water management. The company provides solutions for water intake systems, pumping stations, and others.
Jash Engineering Ltd has a strong order book worth Rs.838 crore, with Rs.546 crore coming from international markets and Rs.292 crore from India. along with Rs.78 crore currently under discussion. For FY26, it aims to achieve Rs.860 crore in revenue.
Written by Sudeep Kumbar
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