Multibagger Small-Cap Company Ink Supply Agreement Worth Rs 105 Crore With Jindal (India) Ltd For Colour Coating Line
The company has a market cap of over Rs 2,500 crore. The stock gave multibagger returns of 340 per cent in 2 years and a whopping 600 per cent in 5 years.
Jindal India Limited has awarded a contract to John Cockerill India Limited for the engineering, design, manufacture, supply, and erection supervision of a colour coating line at their Ranihati plant. The contract, valued at approximately Rs 105 crore, involves the delivery of a complete colour coating line, including payoff reels, a stitcher machine, a multi-stage cleaning section, a vertical entry accumulator, a tension leveller, chemical coating, drying and paint coaters with curing ovens and RTO, an exit accumulator, an inspection station, a cold laminator, and tension reels. The new line is expected to be operational by the end of 2025. This domestic contract will significantly enhance Jindal India Limited's annual production capacity of coated steel and strengthen their position in the high-end steel market.
Earlier, John Cockerill Industry North America Inc. has secured a contract for an Annealing and Pickling Line (APL) for Silicon Steel from ArcelorMittal Calvert LLC, USA. John Cockerill India Limited, a fellow subsidiary, has been entrusted with the overall detail engineering of the APL, supply of terminal equipment, refractory pre-assembly, annealing furnace, hydraulic and lubrication systems, and line erection and commissioning. The contract is valued at approximately Rs 103 crore. The contract was awarded by an international entity, ArcelorMittal Calvert LLC, and involves the design and construction of an industrial facility. The execution period is expected to be completed by the end of September 2027.
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About the Company
John Cockerill India Limited, a subsidiary of John Cockerill Industry, is a global leader in the design, manufacture, and installation of reversible cold rolling mills and other steel processing equipment. With a focus on innovation and sustainability, John Cockerill India offers a comprehensive range of solutions for the steel and non-ferrous industries, including rolling mills, processing lines, thermal and chemical treatment installations, and auxiliary equipment. As a trusted partner to customers worldwide, John Cockerill India is committed to providing clean, reliable, and efficient equipment that meets the evolving needs of the industry.
The company has a market cap of over Rs 2,500 crore. The stock gave multibagger returns of 340 per cent in 2 years and a whopping 600 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.