Rs 680 crore order book: Tunnel furnaces manufacturer receives order of Rs 270 crore from JSW JFE Electrical Steel Nashik Pvt Ltd

JSW JFE Electrical Steel Nashik Private Limited has awarded John Cockerill India Limited a domestic contract worth approximately Rs 270 crore. This significant agreement entails John Cockerill India Limited undertaking the engineering, design, manufacturing, and supply of equipment for tunnel furnaces, including the coil handling arrangement, for installation at JSW JFE Electrical Steel Nashik Private Limited's Nashik facility. Furthermore, John Cockerill India Limited will provide supervision for the erection and commissioning of the line to ensure the achievement of contractual performance guarantees. The project is slated for completion by May 2027.

About the Company

John Cockerill India Limited, a subsidiary of John Cockerill Industry, is a global leader in the design, manufacture, and installation of reversible cold rolling mills and other steel processing equipment. With a focus on innovation and sustainability, John Cockerill India offers a comprehensive range of solutions for the steel and non-ferrous industries, including rolling mills, processing lines, thermal and chemical treatment installations, and auxiliary equipment. As a trusted partner to customers worldwide, John Cockerill India is committed to providing clean, reliable, and efficient equipment that meets the evolving needs of the industry.

The company has a market cap of over Rs 2,400 crore and has an order book of Rs 680 crore. The stock gave multibagger returns of 300 per cent in 3 years and a whopping 700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.