John Cockerill India Secures ₹270 Crore Contract for Tunnel Furnace Equipment
John Cockerill India Limited has been awarded a ₹270 crore contract by JSW JFE Electrical Steel Nashik Private Limited. The contract involves engineering, design, manufacture, and supply of equipment for tunnel furnaces at JSW JFE's Nashik location. John Cockerill will also supervise the erection and commissioning of the line. The project, expected to be completed by May 2027, includes delivery of critical components for tunnel furnaces and coil handling arrangements.
08Aug 25
John Cockerill India Seeks Shareholder Approval for New Managing Director and Office Relocation
John Cockerill India Limited has issued a postal ballot seeking shareholder approval for three key resolutions: appointing Mr. Frederic Martin as the new Managing Director for a three-year term starting August 1, 2025, with a remuneration package capped at ₹6 crores annually; relocating the registered office from Mumbai to Navi Mumbai for improved infrastructure and efficiency; and e-voting process for shareholders from August 11 to September 9, 2025. The company reported a loss after tax of ₹538.21 lakhs for FY 2024, compared to a profit of ₹2,163.92 lakhs in FY 2023, with revenue declining from ₹66,661.43 lakhs to ₹38,872.60 lakhs.
05Aug 25
John Cockerill India Reports Q2 Recovery with INR 17M Profit, Eyes Strong Growth Ahead
John Cockerill India Limited (JCIL) reported a turnaround in Q2 with revenue of INR 821.00 million, up 7.40% sequentially, and a profit of INR 17.00 million. EBITDA doubled to INR 39.00 million compared to the same quarter last year. The company has an order book of INR 6.40 billion and a pipeline exceeding INR 46.00 billion. JCIL is focusing on expanding its Revamps, Spares, and Services segment, establishing a new Rolls Coating Facility, and developing innovative technologies for steel decarbonization. The company expects stronger order inflows as the steel industry recovers, with India targeting 300.00 million metric tons of steel capacity by 2030. Managing Director Michael Kotas announced his retirement effective July 31.
01Aug 25
Frederic Martin Takes the Helm as Managing Director of John Cockerill India Limited
John Cockerill India Limited (JCIL) has appointed Frederic Martin as its new Managing Director, effective August 1, 2025. Martin, with over 35 years of international business experience, will also continue as Vice President Metals at John Cockerill Industry. The Board approved his appointment on July 29, 2025, subject to shareholder and Central Government approvals. Martin replaces Michael Kotas, who will transition to new responsibilities in Europe after a two-year tenure as Managing Director.
29Jul 25
John Cockerill India Announces Leadership Transition and Q2 Financial Results
John Cockerill India Limited has reported significant changes in its leadership and financial results for Q2. Michael Kotas has resigned as Managing Director, with Frederic Martin appointed as the new Additional and Managing Director for a three-year term starting August 1. The company's Q2 financial results show a revenue from operations of ₹8,211.77 lakhs and a net profit of ₹171.92 lakhs, marking an improvement from the previous year. The company's order book stood at over ₹680.8 crores as of December last year, and it is focusing on strengthening its Value Services business.
29Jul 25
John Cockerill India Reports Quarterly Profit of ₹171.92 Lakhs
John Cockerill announced unaudited Q1 results showing a remarkable turnaround. Revenue increased by 22.07% to ₹9,328.67 lakhs. The company reported a net profit of ₹171.92 lakhs, compared to a loss of ₹2.77 lakhs in the same quarter last year. Earnings per share stood at ₹3.48. For the six-month period, revenue was ₹25,182.87 lakhs with a net profit of ₹97.31 lakhs. The company's focus on original equipment manufacturing and project management as a single business segment may have contributed to this improved performance.
13May 25
John Cockerill India Reports Q4 FY23 Results: Revenue Decline and EBITDA Loss
John Cockerill India Ltd. faced a challenging Q4 FY23 with revenue dropping 48.03% to ₹764.00 crore from ₹1,470.00 crore in Q4 FY22. The company reported an EBITDA loss of ₹4.50 crore, compared to a gain of ₹47.60 crore in the previous year. Net loss narrowed year-over-year to ₹7.50 crore from ₹36.20 crore but widened sequentially from ₹15.00 crore in Q3 FY23. The results indicate significant headwinds for the industrial equipment manufacturer.
13Mar 25
John Cockerill India Secures Two Major Contracts Totaling 800 Million Rupees
John Cockerill India Limited (JCIL) has won two significant contracts, each valued at approximately 400 million rupees. One contract is with Jindal India Limited for revamping a Continuous Galvanising Line at their Ranihati plant, expected to be operational by early 2026. The scope includes engineering, design, manufacture, and supply of critical components. These wins demonstrate JCIL's strong market position in the industrial equipment sector, particularly in steel processing technologies.
21Feb 25
John Cockerill India Reports Reduced Q4 Loss Amid Revenue Decline
John Cockerill India Limited (JCIL) released Q4 2024 financial results, showing a reduced net loss of ₹14.7 crore, down 85.7% from Q4 2023. However, revenue declined 71.5% to ₹723.4 crore. The company faced challenges including volatile steel demand, low prices, and project delays. JCIL highlighted achievements in project execution, safety milestones, and strategic initiatives for 2025, focusing on strengthening value services, enhancing operational efficiencies, and maintaining a strong safety focus.
20Feb 25
John Cockerill India Reports Narrowed Q3 Loss Amid Revenue Decline
John Cockerill India Limited (JCIL) reported a net loss of ₹14.7 crore in Q3 2024, down from ₹103 crore in Q3 2023. However, revenue fell to ₹723.4 crore from ₹2,539 crore. The company faced challenges including volatile steel demand and low prices. JCIL signed key agreements, including a supply deal with Jindal Limited and a project with ArcelorMittal Calvert LLC. The company's Value Services department performed well, and safety achievements were noted across facilities. JCIL remains optimistic, focusing on strengthening its business, enhancing customer engagement, and improving operational efficiencies.