Synopsis: A Thane-based combustion equipment specialist has secured a Large export order from CC7 Emirates Engineering Solutions LLC, UAE, for an incinerator package covering design, engineering, manufacture, procurement, and supply for the TA’ZIZ Salt Project of ADNOC in Abu Dhabi, valued between Rs.100 crore and Rs.300 crore as per the company’s own order classification framework.
India’s process engineering companies are increasingly finding takers beyond domestic shores, and one Thane-based combustion specialist has just added a meaningful international win to its books, picking up a waste gas handling contract from one of the world’s most ambitious industrial developments in the Middle East.
With a market capitalization of Rs.2,600 crore, the shares of JNK India Limited were trading at Rs.471 per share; the stock went up by 12 percent on the 9th of June, 2026, from its previous day’s closing of Rs.418. It is trading at a P/E of approximately 40x.
Order Update
JNK India Limited has received a Large order from CC7 Emirates Engineering Solutions LLC, UAE, for the supply of an incinerator package for the TA’ZIZ Salt Project, ADNOC, Abu Dhabi, UAE. The scope covers design, engineering, manufacture, procurement, and supply on an FCA (Free Carrier) basis, along with per diem assistance for erection, commissioning, and performance test witnessing. As per the company’s internal classification, a Large order carries a value in the range of Rs.100 crore to Rs.300 crore. The order is international in nature and was received on June 8, 2026.
The TA’ZIZ Industrial Chemicals Zone is one of Abu Dhabi’s flagship industrial development initiatives under ADNOC, making this a strategically significant client win for JNK India. The order expands the company’s presence in the waste gas handling segment, which also includes flares and incinerators, and underscores its ability to compete against international players in complex, high-specification projects.
The win comes on the back of a strong FY26 during which order inflows reached Rs.1,694 crore, with the order book closing at Rs.1,961 crore as of March 31, 2026. With this export win marking an early FY27 addition, the pipeline momentum appears intact heading into the new financial year.
Financial Snapshot & Business Overview
JNK India Limited is a Thane-based combustion equipment company founded in 2010, specializing in process-fired heaters, reformers, cracking furnaces, and waste gas handling systems. Its capabilities have since expanded into hydrogen production and process plants. The company operates a fabrication facility in Mundra, Gujarat, serving refineries, petrochemicals, fertilizers, steel, and green energy sectors.
On a consolidated basis, the company delivered total revenue of Rs.838 crore in FY26, up 68 percent YoY. EBITDA grew to Rs.111 crore at a margin of 13.3 percent, up 71.6 percent YoY. PAT more than doubled to Rs.64.8 crore, a 114.6 percent YoY increase, with the PAT margin expanding 163 basis points to 7.7 percent. Q4 FY26 was particularly strong, with revenue of Rs. 344.6 crore and PAT of Rs. 33 crore, up 150 percent YoY.
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