JNK India Secures Ultra-Mega Order Exceeding ₹1,000 Crores from Korean Affiliate
JNK India Limited has secured an ultra-mega order worth over ₹1,000 crores from its Korean affiliate, JNK Global Co., Ltd. The order involves support services and supplies for a Cracker Furnace Package in a refinery project in India, with a delivery schedule set for February 2, 2028. This order significantly boosts JNK India's order book, considering its current market capitalization of ₹1,700 crores. The transaction, while classified as a related party transaction, is conducted at arm's length.

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JNK India Limited , a company with a market capitalization of ₹1,700 crores, has announced a significant milestone in its business operations. The company has secured an ultra-mega order worth over ₹1,000 crores from its Korean affiliate, JNK Global Co., Ltd.
Order Details
Aspect | Details |
---|---|
Order Type | Ultra-mega |
Value | Exceeding ₹1,000 crores |
Awarding Entity | JNK Global Co., Ltd., Korea |
Nature of Order | Support services and supplies for Cracker Furnace Package |
Project Location | Refinery project in India |
Project Delivery Schedule | February 2, 2028 |
Key Points
- JNK Global Co., Ltd. is one of the promoters of JNK India Limited.
- The order falls under related party transactions but is conducted at arm's length.
- This order significantly boosts JNK India's order book, considering its current market capitalization of ₹1,700 crores.
Project Classification
JNK India classifies its projects based on value. The classification for this order is as follows:
Classification | Value Range (in ₹ Crores) |
---|---|
Significant | 0 - 100 |
Large | 100 - 300 |
Major | 300 - 600 |
Mega | 600 - 1,000 |
Ultra-mega | > 1,000 |
This order, being classified as 'Ultra-mega', underscores its substantial value and potential impact on JNK India's business prospects.
Implications
The securing of this ultra-mega order is a notable achievement for JNK India, potentially signaling strong growth prospects for the company. It demonstrates the company's capability to handle large-scale projects in the refinery sector and its strong relationship with its international affiliate.
Investors and market watchers will likely keep a close eye on how this significant order affects JNK India's financial performance and market position in the coming quarters.
Historical Stock Returns for JNK India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+9.99% | +10.03% | +5.24% | -6.45% | -51.57% | -56.03% |