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John Cockerill Shares Gain 5% on Winning Rs 280 Crore Order

The project has to be completed over a period of 28 months from the effective date.

The shares of John Cockerill rallied 5% on 25 October after the company bagged an order from Tinplate Company of India for Rs 280 crore.

In its regulatory filing, the company said the work order is for engineering, designing, manufacturing, and supplying of plant and equipment for a continuous annealing line to be installed at its Jamshedpur plant.

The project has to be completed over a period of 28 months from the effective date.

The Mumbai-based company is engaged in the business of manufacturing and installation of rolling mill complexes, chemical processes, processing lines, industrial furnaces, thermal processes and automation equipment for ferrous and non-ferrous industries worldwide.

The shares of the company have gained more than 127% on a year-to-date basis against the 6% rise in benchmark Sensex.

The company has also informed the exchange that its July-September quarterly review will be due on 7 November.

At 2:47 pm, the shares of John Cockerill were trading 1.23% above at Rs 2,834.70 on NSE.

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