JNK India zooms on winning order from Mundra Petrochem
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JNK India is currently trading at Rs. 775.00, up by 26.05 points or 3.48% from its previous closing of Rs. 748.95 on the BSE.
The scrip opened at Rs. 742.10 and has touched a high and low of Rs. 777.00 and Rs. 720.00 respectively. So far 8440 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 895.40 on 24-Jun-2024 and a 52 week low of Rs. 550.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 777.00 and Rs. 706.15 respectively. The current market cap of the company is Rs. 4282.53 crore.
The promoters holding in the company stood at 67.97%, while Institutions and Non-Institutions held 22.04% and 9.99% respectively.
JNK India has received a significant order from Mundra Petrochem, a company of Adani Group, on August 20, 2024 for Design, Engineering, Procurement, Fabrication, Supply, Erection, Testing and Commissioning of Flare Package for Green PVC Project at Mundra, Gujarat, India. The order value is in the range of Rs 0 - 50 crore.
JNK India is in the business of manufacturing the process fired heaters, reformers and cracking furnaces (together, the ‘Heating Equipment’) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries.
