JSW Vijayanagar Metallics Ltd gives order to John Cockerill India Ltd

JSW Vijayanagar Metallics Limited has entrusted John Cockerill India Limited (JCIL) and John Cockerill Metal International SA (JCMI, Wholly Owned Subsidiary of the Company), with the Design, Engineering, Supply, Supervision of Erection & Commissioning of Two Annealing & Coating Line (ACL 1 & ACL 2) and one Annealing & Pickling Line (APL) for CRNO Project as per terms and conditions mentioned in the Letter of Intent. The aggregate contract value is approximately INR 1,250 - 1,300 Crores, comprising:

a) JCIL: Approximately INR 550 Crores;
b) JCMI: Approximately EUR 30-35 Million; and
c) Consortium portion (with furnace supplier group): Approximately INR 400 Crores.

Shares of John Cockerill India Ltd was last trading in BSE at Rs. 9113.25 as compared to the previous close of Rs. 7594.40. The total number of shares traded during the day was 35630 in over 7423 trades.

The stock hit an intraday high of Rs. 9113.25 and intraday low of 7666.80. The net turnover during the day was Rs. 301940206.00.

Source : Equity Bulls

Keywords

JohnCockerillIndia INE515A01019 IndustrialMachinery OrderWin