Mumbai, September 9 (Kiran News) — Shares of John Cockerill India rose over 3 percent on Tuesday after the company announced that it has secured a major contract from JSW JFE Electrical Steel Nashik, one of India’s first manufacturers of Cold Rolled Grain-Oriented Electrical Steel (CRGO).
The contract, awarded in August 2025, covers the engineering, design, manufacture, and supply of advanced tunnel furnaces for JSW JFE’s Nashik facility. It also includes supervision of erection and commissioning to ensure contractual performance guarantees. Completion is targeted for the first quarter of 2027.
Under the agreement, John Cockerill India will supply all components for the tunnel furnaces, including advanced coil handling systems. The furnace plays a critical role in CRGO production, where high-temperature heating under a protective atmosphere enhances the steel’s magnetic properties and microstructure, making it suitable for high-efficiency power transformers and transmission systems.
This order is part of JSW JFE Electrical Steel Nashik’s major expansion plan, which aims to quintuple CRGO production capacity from 50,000 TPA to 2,50,000 TPA, in line with India’s growing demand for energy-efficient electrical infrastructure.
On the BSE, John Cockerill India was trading at ₹4,487.05, up by ₹134.55 or 3.09 percent from the previous close of ₹4,352.50. The stock opened at ₹4,400.05 and touched an intraday high of ₹4,630.00 and a low of ₹4,363.20. A total of 10,969 shares were traded during the session.
The Group ‘B’ stock, with a face value of ₹10, has a 52-week high of ₹6,300.00 (September 25, 2024) and a 52-week low of ₹2,383.00 (February 17, 2025). Over the last week, it has traded between ₹4,343.00 and ₹4,630.00.
John Cockerill India’s market capitalization currently stands at ₹2,215.62 crore. Promoters hold 75 percent stake, while institutions and non-institutional investors own 0.02 percent and 24.98 percent respectively.
The company’s core business includes customised design, engineering, manufacturing, and installation of cold rolling mill complexes, galvanising lines, colour coating lines, and other critical components for ferrous and non-ferrous industries worldwide.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
