The contract includes engineering, design, manufacturing, and supplying essential components for tunnel furnaces. This encompasses coil handling arrangements and also involves supervising the erection and commissioning at the Nashik facility. The project is set to be completed by May 2027.
John Cockerill India is part of the John Cockerill Group (previously known as the CMI Group), headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra, and has a global footprint across Asia, Africa, the Middle East, Europe, North America, and South America.
The company’s consolidated net profit surged 5833.3% to Rs 1.72 crore on a 12% drop in revenue from operations to Rs 82.12 crore in Q2 CY25 over Q2 CY24.
Shares of John Cockerill India shed 0.19% to Rs 4,402.15 on the BSE.