This heaters and furnaces manufacturer bags order worth approx. Rs 50 crore from JNK Global Company Ltd, Korea

The shares of the company have an ROE of 40 per cent and an ROCE of 46 per cent.

JNK India Limited has secured approx. Rs 50 crore order from its promoter, JNK Global Co., Ltd., Korea, on July 15, 2024, to supply a Regeneration Furnace for a refinery project in Oklahoma, USA. This marks JNK India's entry into the US market. The furnace is scheduled for delivery by June 18, 2025. JNK Global, a promoter of JNK India, has a Non-executive Director on JNK India's board, Mr. Bang Hee Kim. While the transaction is considered a related party transaction, it is conducted at arm's length, with no potential conflicts of interest arising, and involves no share issuance.

Earlier, the company secured a significant order from Reliance Industries Limited (RIL) on June 14, 2024, for a Gas Cracker Unit (GCU) De-Bottlenecking (DBN) project at RIL's Nagothane Manufacturing Division (NMD) in Maharashtra, India. This mega-order involves designing, engineering, procuring, supplying, and completely erecting two Gas Cracking Furnaces, along with providing technical assistance during pre-commissioning, commissioning, and performance guarantee test runs. The project is worth approx. Rs 500 crore and completed within 21 months.

JNK India Limited, established in 2010, specializes in the comprehensive design, manufacturing, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. These critical heating equipment are indispensable components in various process industries, including oil and gas refineries, petrochemical plants, fertilizer production facilities, and hydrogen and methanol manufacturing plants.

The company has a market cap of over Rs 4,400 crore. The shares of the company have an ROE of 40 per cent and an ROCE of 46 per cent. The stock is up by 45 per cent from its 52-week low of Rs 550 per share.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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