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Iron & Steel Company Has Entered Into a MoU with Steel Authority of India Limited; Details Inside
Kiran Shroff
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Iron & Steel Company Has Entered Into a MoU with Steel Authority of India Limited; Details Inside

The stock gave multibagger returns of 280 per cent in 2 years and a whopping 520 per cent in 5 years.

John Cockerill India Limited has partnered with the Steel Authority of India Limited (SAIL) to collaborate on advanced steel industry solutions. This strategic partnership aims to revolutionize iron and steelmaking processes in India by exploring innovative technologies and sustainable practices.

Key areas of focus include a potential joint venture for cold rolling and processing of carbon steel, including green steel and silicon steel. Additionally, the partnership will delve into integrating green hydrogen into steelmaking processes and incorporating John Cockerill's cutting-edge technologies into SAIL's future projects. This collaboration signifies a significant step towards a greener and more sustainable future for the Indian steel industry.

Earlier, John Cockerill India Limited secured two significant contracts. First, a Rs 105 crore contract from Jindal India Limited for a comprehensive colour coating line. This line will significantly boost Jindal India's coated steel production capacity. Second, a Rs 103 crore contract from ArcelorMittal Calvert LLC for an annealing and pickling line. John Cockerill India will handle the detailed engineering, equipment supply, and construction of this industrial facility. These contracts underscore John Cockerill India's growing presence in the steel industry.

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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 2,400 crore. The stock gave multibagger returns of 280 per cent in 2 years and a whopping 520 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.

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