Shares of one of the leading heating equipment companies in India surged by 4.3 percent on BSE to Rs. 735 in the trading session of Friday, after the company bagged an order from Hindustan Petroleum Corporation Limited.
With a market capitalisation of Rs. 4,076.7 crores, at 10:15 a.m., the shares of JNK India Limited were trading in the green at Rs. 730, up by 3.5 percent, as against its previous closing price of Rs. 705.
What’s the News:
According to the latest regulatory filings with the stock exchanges, JNK India Limited received a Large order from Hindustan Petroleum Corporation Limited.
The order is for setting up a new Process Plant – HP TDAE (Treated Distillate Aromatic Extracts) unit on an LSTK (Lump sum Turnkey) contract basis at HPCL Mumbai Refinery, with project delivery schedule of 14 months mechanical completion.
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Previous Order:
On 15th June, JNK India Limited received a Mega order from Reliance Industries Limited (RIL) for the Gas Cracker Unit (GCU) De-Bottlenecking (DBN) Project at RIL’s Nagothane Manufacturing Division (NMD), Maharashtra in India.
The scope of work included design, engineering, procurement, supply, complete site erection, and technical assistance during pre-commissioning, commissioning and performance guarantee test runs for two Gas Cracking Furnaces.
Financials:
Financially, the company experienced a significant growth in its revenue from operations, showing a year-on-year rise of nearly 140 percent from Rs. 36.7 crores in Q1 FY23-24 to Rs. 88 crores in Q1 FY24-25.
Similarly, its net profit increased during the same period from Rs. 4 crores to Rs. 6.4 crores, indicating a growth of 60 percent YoY.
About the company:
Founded in 2010, JNK India Limited is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing and commissioning process-fired heaters, reformers and cracking furnaces.
According to the project classification of L&T, its Significant orders start from Rs. 50 crore, Large orders in the range of Rs. 50 crore to Rs. 150 crore, Major orders from Rs. 150 crore to Rs. 350 crore, Mega orders from Rs. 350 crore to Rs. 500 crore and Ultra-Mega orders above Rs. 500 crore.
Written by Shivani Singh
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