JSW JFE Electrical Steel Nashik Pvt Ltd awards major contract to John Cockerill India Ltd for High Temperature Tunnel Furnaces

JSW JFE Electrical Steel Nashik Private Limited, one of India's first manufacturers of Cold Rolled Grain-Oriented Electrical Steel (CRGO), has awarded John Cockerill India Limited a prestigious contract for the engineering, design, manufacture, and supply of state-of-the-art tunnel furnaces for its Nashik facility. The contract also covers supervision of erection and commissioning to achieve contractual performance guarantees, with completion targeted for the first quarter of 2027.

Under the agreement, John Cockerill India will supply all components for the tunnel furnaces, including advanced coil handling systems. The scope further includes supervision of erection and commissioning, ensuring seamless integration and optimal performance.

The furnace is a critical stage in the processing of Grain-Oriented Electrical Steel (GOES), where controlled high-temperature heating under a protective atmosphere refines the steel's magnetic properties and microstructure. This enables its application in highefficiency power transformers and other vital components of power transmission systems.

This order forms part of JSW JFE Electrical Steel Nashik's major expansion initiative, which will quintuple CRGO production capacity from 50,000 TPA to 250,000 TPA, aligning with India's rising demand for energy-efficient electrical infrastructure.

"This project reflects JSW JFE Electrical Steel Nashik's continued confidence in John Cockerill's technology and expertise, built on a history of successful collaboration within the John Cockerill Group," said Frederic Martin, Managing Director, John Cockerill India Limited. "Our advanced furnace technology and commitment to performance excellence will help produce high-quality electrical steel that supports India's growing power infrastructure needs."

Adding perspective Joydeep Bhattacharjee, CEO, JSW JFE Electrical Steel Nashik Pvt. Ltd., said: "This expansion marks a significant milestone in our journey to strengthen India's self-reliance in high-grade electrical steel production. By partnering with John Cockerill, we are confident of achieving world-class manufacturing standards that will enable us to serve the country's growing demand for energy-efficient transformers and power infrastructure."

With this order, John Cockerill India further strengthens its position as a trusted technology partner delivering advanced, high-performance solutions to the steel industry.

Shares of John Cockerill India Ltd was last trading in BSE at Rs. 4352.50 as compared to the previous close of Rs. 4393.95. The total number of shares traded during the day was 1890 in over 234 trades.

The stock hit an intraday high of Rs. 4448.95 and intraday low of 4343.00. The net turnover during the day was Rs. 8272667.00.

Source : Equity Bulls

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