JNK India Secures Ultra-Mega Refinery Order from JNK Global; Shares Jump 8.12% Today

Mumbai, 7 October 2025: JNK India Limited (NSE: JNKINDIA, BSE: 544167) saw its share price surge 8.12% to ₹330.20 by 9:58 a.m. IST on Tuesday after announcing the award of an “Ultra-Mega” refinery order from its South Korean promoter, JNK Global Co. Ltd. The contract, focused on support services and supplies for the Cracker Furnace Package, represents one of the largest orders since JNK India’s listing in April 2024.

Headquartered in Thane, Maharashtra, JNK India Limited specialises in the design, engineering, manufacturing, and commissioning of process-fired heaters, reformers, and cracking furnaces. The company, listed on the NSE and BSE on 30 April 2024 under the Industrial Products category, continues to maintain a robust presence in the refinery and petrochemical sectors, providing high-precision engineering solutions.

JNK India Lands Ultra-Mega Contract Worth Over ₹1,000 Crore, Execution by February 2028

The award from JNK Global Co., Ltd., Korea, covers support services and supplies for the Cracker Furnace Package at a major Indian refinery. The project delivery is scheduled by 2 February 2028, highlighting the scale and strategic significance of this transaction. As a related-party deal, the company clarified it is executed at arm’s length, ensuring no conflict of interest, while reinforcing its long-term partnership with its promoter.

This order is classified as Ultra-Mega, indicating a contract value exceeding ₹1,000 crore, and adds to JNK India’s growing portfolio of high-value refinery engineering projects.

Shares React Strongly as Market Capitalisation Crosses ₹1,850 Crore

Following the announcement, JNK India shares opened at ₹335.90, hitting the same level as the intraday high, before settling at ₹330.20 at 9:58 a.m. IST, reflecting a ₹24.80 or 8.12% increase from the previous close of ₹305.40.

• Day’s low: ₹316.85
• 52-week high / low: ₹743.95 / ₹264.80
• Market capitalisation: ₹1,850 crore
• Free-float market cap: ₹543.55 crore
• P/E ratio: 73.38
• Dividend yield: 0.091%

The stock saw strong buying interest with a buy quantity of over 3 lakh shares, demonstrating investor attention on large-scale contracts and promoter-led deals.

Strengthening Strategic Partnerships and Expanding High-Value Project Portfolio

This order underscores JNK India’s expanding role in refinery and furnace engineering, particularly in process-fired heaters, reformers, and cracking furnaces for the petrochemical and refinery sectors. By executing such high-value projects, the company reinforces its collaboration with JNK Global, securing a steady pipeline of orders and positioning itself as a key player in complex engineering solutions for the Indian market.

The Ultra-Mega order from JNK Global strengthens JNK India’s operational portfolio and highlights its growing role in complex refinery engineering projects. The contract’s large scale and multi-year execution plan underline the company’s ability to manage high-value international collaborations while expanding its footprint in strategic industrial segments.

REF: https://nsearchives.nseindia.com/corporate/JNKINDIA23_06102025135617_JNK_Reg_30_Disclosure_06102025_1.pdf

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