Synopsis:
John Cockerill India secured two major contracts from Godawari Power and JSW JFE for supplying and supervising the installation of advanced rolling mills and tunnel furnaces.
During Monday’s trading session, shares of a world leader in the conception, manufacture, and installation of reversible cold rolling mills moved up by nearly 5 percent on BSE, after the company secured two major contracts from JSW JFE Electrical Steel Nashik Private Limited and Godawari Power & Ispat Limited.
At 11:16 a.m., the shares of John Cockerill India Limited were trading in the green at Rs. 4,540 on BSE, up by around 4.3 percent, as against its previous closing price of Rs. 4,352.5, with a market cap of Rs. 2,242 crores. The stock has delivered negative returns of over 12 percent in one year, but has gained by around 3 percent in the last one month.
What’s the News
As per the latest exchange filings on BSE, Godawari Power and Ispat Limited has awarded a contract to John Cockerill India Limited for the engineering, design, manufacturing, and supply of a 6HI Cold Rolling Mill.
The mill is to be installed at Godawari Power’s TILDA facility in Chhattisgarh, and the scope of the contract also includes the supervision of the erection and commissioning of the mill, to achieve the contractual performance guarantee. The total value of the contract is around Rs. 50 crores, with delivery scheduled by the end of 2026.
Godawari Power & Ispat Limited (GPIL) is a listed company mainly engaged in the business of mining of iron ore and manufacturing of iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire and ferro alloys with the generation of electricity.
Additionally, JSW JFE Electrical Steel Nashik Private Limited, one of India’s first manufacturers of cold-rolled grain-oriented electrical steel (CRGO), has also awarded John Cockerill a prestigious contract for the engineering, design, manufacturing, and supply of advanced tunnel furnaces for its Nashik facility.
The contract also includes supervision of erection and commissioning to ensure seamless integration and achievement of contractual performance guarantees, with project completion scheduled for Q1 FY27. Under this agreement, John Cockerill India will supply all critical components for the tunnel furnaces, including advanced coil handling systems.
This order is a key component of JSW JFE Electrical Steel Nashik’s major expansion plan to increase CRGO production capacity from 50,000 TPA to 250,000 TPA, supporting India’s growing demand for energy-efficient electrical infrastructure.
Financials & More
John Cockerill reported a decline in revenue from operations, experiencing a year-on-year fall of nearly 12 percent, from Rs. 93.3 crores in Q2 CY24 to Rs. 82 crores in Q2 CY25. In contrast, the company reported a significant turnaround from a net loss of Rs. 0.03 crores to a net profit of Rs. 1.7 crores, over the same period.
Following signs of stabilisation in the previous quarter, the business environment has continued to show improvement, providing encouraging momentum. According to the management, the sequential revenue growth reflects this positive trend, while the rise in customer enquiries reinforces the company’s confidence in being on a steady and sustained path to recovery compared to CY24.
As of June 2025, John Cockerill’s order book stood at Rs. 680 crores. The company is also intensifying its focus on the Spares and Services segment to build a resilient portfolio and reduce performance cyclicality.
John Cockerill India Limited is primarily engaged in the business of customised designing, engineering, manufacturing and installation of components of cold rolling mill complexes, galvanising lines, colour coating lines, tension levelling lines, skin pass mills, acid regeneration plants, wet flux lines and pickling lines for ferrous and non-ferrous industries worldwide.
Written by Shivani Singh
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