This small-cap company received a work order from Jindal Steel Odisha worth Rs 50 crore!

Shares of the company have gained more than 30 per cent in the last 6 months.

On February 17, 2023, John Cockerill India Limited informed in the exchange filing that it has received a work order from Jindal Steel Odisha Limited for the supply of 2 Nos. acid regeneration plants to be installed at the Angul, Odisha works. The total value of the contract of CGL-2 exceeds Rs 50 Crore. 

John Cockerill India is engaged in the business of designing, manufacturing, and commissioning cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces and auxiliary equipment for ferrous and non-ferrous industries worldwide. The company is part of the John Cockerill Group (previously known as the CMI group) headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra and has a global footprint across Asia, Africa, the Middle East, Europe, North America and South America.

Today, the stock opened at Rs 1570, with a high and low of Rs 1570 and Rs 1553. The stock is currently trading at Rs 1560, down by 0.66 per cent. 

In the last 6 months, the shares of the company have given more than 30 per cent returns and on a YTD basis, the stock has given about 15 per cent returns.

The stock has a 52-week high of Rs 1835.00 and a 52-week low of Rs 1000. The company has a ROCE of 8.76 per cent and an ROE of 5.03 per cent, with a market capitalisation of Rs 771 crore.