John Cockerill India Ltd receives order worth Rs. 270 crores

JSW JFE Electrical Steel Nashik Private Limited has entrusted John Cockerill India Limited, with the engineering, design, manufacture and supply of Equipment for Tunnel furnaces to be installed at the Nashik location of JSW JFE Electrical Steel Nashik Private Limited and also the supervision of erection and commissioning of the line. The total value of contract is around INR 270 crores.

The Company will deliver all critical components required for Tunnel furnaces including the coil handling arrangement. The Company will also supervise the erection and commissioning of the line to achieve the contractual performance guarantee.

Shares of John Cockerill India Ltd was last trading in BSE at Rs. 4410.75 as compared to the previous close of Rs. 4248.05. The total number of shares traded during the day was 17586 in over 1594 trades.

The stock hit an intraday high of Rs. 4549.70 and intraday low of 4200.00. The net turnover during the day was Rs. 77816430.00.

Source : Equity Bulls

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