John Cockerill India bags order worth Rs1000 crore; Stock surges ~5%

4 Mar 2022 , 09:13 AM

John Cockerill India Limited has received an order worth Rs1000 crore from ArcelorMittal Nippon Steel India for supply of two new steel processing lines to be installed at the client’s Hazira Works.

“ArcelorMittal Nippon Steel India Limited (AM/NS India) entrusted John Cockerill India Limited, with the supply of two new steel processing lines to be installed at the client’s Hazira Works,” company said in a regulatory filing on Thursday.

In consortium with its other Group entities, John Cockerill India Limited is to supply a Continuous Galvanizing and Annealing Line (CGAL) and a new Continuous Galvanizing Line (CGL). The total value of contract for scope of work to be executed by John Cockerill India Limited exceeds Rs1000 crore.

The company stock was trading at Rs1638.00 per piece up Rs75.35 or 4.82% on the BSE during early trade on Friday.