John Cockerill India Ltd. shares surged to unprecedented heights on Monday, marking a significant milestone in the company's recent bullish run. The stock price skyrocketed by 20% to reach a record high of ₹6,385.85, continuing its impressive streak for the fifth consecutive session.

Remarkable Price Surge

The company's stock has demonstrated remarkable momentum, accumulating a staggering 46% gain over the past five trading sessions. This recent surge is part of a broader uptrend, with the stock value multiplying six-fold since the beginning of 2020.

Heightened Trading Activity

Monday's trading session witnessed an extraordinary spike in market activity for John Cockerill India. Trading volumes reached their highest levels since October 2007, with 2.5 lakh shares changing hands. This represents a significant increase compared to the 20-day average of 8,000 shares, indicating heightened investor interest in the stock.

Catalyst: Tata Steel Contract

The recent stock rally appears to be fueled by a major contract secured by John Cockerill India from Tata Steel. The agreement involves the engineering, design, manufacture, and supply of a push-pull pickling line and spray roaster-acid regeneration plant for Tata Steel's facility in Jamshedpur.

Company Profile

John Cockerill India specializes in manufacturing large custom-designed metal processing equipment, cold rolling machinery, and spares. The company is also known for developing technologies for industrial furnaces, rolling mills, and chemical equipment.

Stock Performance Overview

The stock's recent performance has been nothing short of impressive:

This stellar performance underscores the market's positive sentiment towards John Cockerill India, likely driven by its recent contract win and overall business prospects in the metal processing equipment sector.

John Cockerill India Limited (JCIL) has clinched a significant contract from Tata Steel Limited, marking a substantial advancement in sustainable steel production technology. The deal involves the engineering, design, manufacture, and supply of a state-of-the-art Push-Pull Pickling Line and Acid Regeneration Plant for Tata Steel's Jamshedpur facility.

Project Specifications

The contract encompasses the following key components:

1. Push-Pull Pickling Line (PPPL):

   • Annual capacity: 350,000 TPA
   • Strip width processing: Up to 1350 mm
   • Thickness range: Up to 3.8 mm
   • Maximum speed: 120 mpm

2. Spray Roaster Acid Regeneration Plant (ARP):

   • Capacity: 2700 LPH
   • Acid regeneration efficiency: Over 99.5%

Technological Advancements

The PPPL will feature several cutting-edge elements:

• V-shaped granite blocks for simplified strip uncoiling
• Efficient rinsing systems
• Two-step acid scrubbing process for minimized acid fumes
• Double uncoiler and stitcher
• Three Cockerill-designed pickling tanks
• In-line side trimmer

Environmental and Operational Benefits

Frédéric Martin, Managing Director of John Cockerill India Limited, emphasized the project's dual focus on efficiency and sustainability: "Our solutions will not only enhance production efficiency but also contribute to Tata Steel's sustainability goals by reducing waste and environmental impact."

The closed-loop system of the Spray Roaster ARP offers significant environmental and operational advantages:

• Substantial reduction in fresh acid demand, lowering operational expenses
• Production of high-purity iron oxide by-product, creating additional revenue streams
• Future-ready emission control system, designed to meet stringent environmental norms up to 15 mg/Nm³

Strategic Importance

This contract reinforces John Cockerill India's position as a leading technology partner in the steel industry. The company will leverage its extensive experience, including over 150 reference pickling lines worldwide and more than 100 successful ARP installations globally.

Kishore Tar, Chief Projects & Construction (Engineering & projects) at Tata Steel Limited, commented on the strategic importance of the project: "This project will help us strengthen operational reliability, reduce environmental impact, and reinforce our leadership in responsible steel production."

Project Execution

John Cockerill India will utilize its state-of-the-art manufacturing facility in Taloja near Mumbai to support the project. The company will provide automation systems through its expert team, complemented by outsourced components from reputed market suppliers.

This collaboration between John Cockerill India and Tata Steel represents a significant step forward in advancing sustainable steelmaking practices in India, combining cutting-edge technology with environmental responsibility.