John Cockerill skyrockets ~10% on bagging contract worth Rs160 crore

28 Sep 2022 , 01:15 PM

John Cockerill India Limited informed that Jindal Steel Odisha Limited entrusted the company with the supply of a Continuous Galvanizing Line (CGL-2) to be installed at the client’s Angul, Odisha Works.

The company stated that the contract also includes the supply of spares for two years for the said CGL-2.

The total value of the contract of CGL-2 exceeds Rs160 crore.

John Cockerill India provides the whole product line of John Cockerill Industry and coordinates all of its activities, including, but not limited to, local engineering, sourcing, and production.

The Indian hub and centre of expertise for cold rolling mill complexes of John Cockerill Industry is the world leader in the design, production, and installation of reversible cold rolling mills.

Following this development, John Cockerill was trading 9.81% higher at Rs1,324.10 apiece, against the previous close of Rs1,206.50 on BSE. The stock hit a 52-week high of Rs1,380 in today’s trade.

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