John Cockerill India shines on securing contract from JSW JFE Electrical Steel
John Cockerill India is currently trading at Rs. 4487.05, up by 134.55 points or 3.09% from its previous closing of Rs. 4352.50 on the BSE.
The scrip opened at Rs. 4400.05 and has touched a high and low of Rs. 4630.00 and Rs. 4363.20 respectively. So far 10969 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 6300.00 on 25-Sep-2024 and a 52 week low of Rs. 2383.00 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 4630.00 and Rs. 4343.00 respectively. The current market cap of the company is Rs. 2215.62 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.02% and 24.98% respectively.
John Cockerill India has secured contract from JSW JFE Electrical Steel Nashik, one of India’s first manufacturers of Cold Rolled Grain-Oriented Electrical Steel (CRGO) in August 2025. The contract is for the engineering, design, manufacture, and supply of state-of-the-art tunnel furnaces for its Nashik facility. The contract also covers supervision of erection and commissioning to achieve contractual performance guarantees, with completion targeted for the first quarter of 2027. Under the agreement, the company will supply all components for the tunnel furnaces, including advanced coil handling systems. The scope further includes supervision of erection and commissioning, ensuring seamless integration and optimal performance.
The furnace is a critical stage in the processing of Grain-Oriented Electrical Steel (GOES), where controlled high-temperature heating under a protective atmosphere refines the steel’s magnetic properties and microstructure. This enables its application in high efficiency power transformers and other vital components of power transmission systems. This order forms part of JSW JFE Electrical Steel Nashik’s major expansion initiative, which will quintuple CRGO production capacity from 50,000 TPA to 250,000 TPA, aligning with India’s rising demand for energy-efficient electrical infrastructure.
John Cockerill India principal activities comprise of customised design, engineering, manufacturing and installation of components of Cold Rolling Mill Complexes, Galvanising Lines, Colour Coating Lines, Tension Levelling Lines, Skin Pass Mills, Acid Regeneration Plants, Wet Flux Lines and Pickling Lines for ferrous and non-ferrous industries worldwide.
