John Cockerill Units Secure Contract Value of INR 1,250 - 1,300 Crores for JSW Vijayanagar Metallics
John Cockerill India Limited (JCIL) and its subsidiary, John Cockerill Metal International SA (JCMI), have been awarded a contract by JSW Vijayanagar Metallics Limited. The agreement covers the comprehensive scope of design, engineering, supply, supervision of erection, and commissioning for critical metallurgical equipment at the CRNO Project.The contract involves two Annealing & Coating Lines (ACL 1 and ACL 2) and one Annealing & Pickling Line (APL). The total aggregate contract value is approximately INR 1,250 - 1,300 Crores.
The financial responsibility for the contract is segmented among the participating entities:
| Component | Entity | Approximate Value |
|---|---|---|
| Design, Engineering, Supply, etc. | JCIL | INR 550 Crores |
| Design, Engineering, Supply, etc. | JCMI | EUR 30 - 35 Million |
| Consortium Portion | With furnace supplier group | INR 400 Crores |
JSW Vijayanagar Metallics Limited, a domestic entity, awarded the contract for the specified lines. The agreement mandates that the work must be executed within 36 months from May 2026.
The contract details reveal that JSW Vijayanagar Metallics Limited has no stated interest in the promoter or promoter group of John Cockerill India Limited. Furthermore, the awarded contract does not fall under related party transactions.
COCKERILL Stock Price Movement
Today, John Cockerill India Limited shares slipped by 0.54% to settle at ₹7593.5, marking a decline of ₹40.50 for the day. The stock closed significantly below its 52-week high of ₹8085.5, with trading volume reaching 41,440 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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