What is the value and scope of the order?

John Cockerill India has won an order worth ₹85-90 crore from JSW JFE Electrical Steel Nashik to manufacture, supply, and service tunnel furnace packages for a CRGO project.

When will the order be completed?

The contract is to be completed within 15 months from June 2026, implying a deadline around September 2027.

How significant is this order relative to the company's size?

The order represents about 2% of John Cockerill India's market capitalisation of ₹4,506 crore and roughly 25% of its latest quarterly revenue of ₹345 crore. It adds to an order book of ₹33 billion.

Is this order from a related party?

No, the filing explicitly states the order does not involve related party transactions.

Order Wins · Engineering - Industrial Equipments · Small cap

John Cockerill India lands ₹85-90 cr order from JSW JFE for CRGO furnaces

The order adds to a ₹33 bn backlog and deepens ties with the JSW group. Completion is set for 15 months from June 2026.

— 2 earlier stories on John Cockerill India Ltd →

COCKERILL By Tipsheet Editorial 19 Jun 2026 · 6:09 PM IST Verify on BSE · NSE

Mkt cap₹4,506 cr

P/E249.45×

ROE4.91%

Debt / eq.0.00

Div yld0.08%

₹85-90 cr Order value for tunnel furnace packages

What's new

John Cockerill India wins contract from JSW JFE Electrical Steel Nashik for tunnel furnace packages.
Order valued at ₹85-90 crore, to be completed within 15 months from June 2026.
Order is domestic, not a related-party transaction. Adds to existing ₹33 billion order book.

Why this matters

At roughly 25% of last quarter's revenue, the order provides near-term visibility. It also cements a relationship with a key CRGO client. But at just 2% of market cap, the financial lift is modest.

What we're watching

Execution timeline and any margin commentary on the contract.
Potential for additional orders from JSW JFE or other CRGO clients.
How the order book converts to revenue in upcoming quarters.

The full read

John Cockerill India has secured an ₹85-90 crore order from JSW JFE Electrical Steel Nashik for tunnel furnace packages in a CRGO project. The contract runs 15 months from June 2026. It sits on an order book of ₹33 billion — roughly 24 times last quarter’s revenue. Not a game-changer by size. But it repeats business from a key client, reinforcing the company’s position in electrical steel. The immediate test: whether margins on this order match the 10%+ EBITDA target management outlined during the recent acquisition restructuring. That is where the real story lies.

Questions answered

What is the value and scope of the order?: John Cockerill India has won an order worth ₹85-90 crore from JSW JFE Electrical Steel Nashik to manufacture, supply, and service tunnel furnace packages for a CRGO project.
When will the order be completed?: The contract is to be completed within 15 months from June 2026, implying a deadline around September 2027.
How significant is this order relative to the company's size?: The order represents about 2% of John Cockerill India's market capitalisation of ₹4,506 crore and roughly 25% of its latest quarterly revenue of ₹345 crore. It adds to an order book of ₹33 billion.
Is this order from a related party?: No, the filing explicitly states the order does not involve related party transactions.

Mentioned: JSW JFE Electrical Steel Nashik Private Limited · ₹85-90 crore

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

John Cockerill India Ltd

Engineering & Capital Goods

₹3,150 cr

P/E 174.37×

Latest quarter · Mar 2026

Sales₹345 cr

Net profit₹7 cr

Op. margin+1.4%

EPS₹14.91

Strength & growth

Debt / equity0.00×

Current ratio1.25×

Sales CAGR+11.7%

EPS CAGR+5.3%

Story so far

All notes on COCKERILL →

19 Jun 2026 · 6:09 PM IST John Cockerill India lands ₹85-90 cr order from JSW JFE for CRGO furnaces
24d ago John Cockerill India revises acquisition terms with ₹204 cr share swap
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