JNK India Shares Jump 9.9% After Securing Ultra-Mega Refinery Project Order from JNK Global

Mumbai, 6 October 2025: Shares of JNK India Limited (NSE: JNKINDIA) jumped nearly 10% to ₹305.40 yesterday after the company secured a record ultra-mega order through its South Korean promoter, JNK Global Co. Ltd.

The contract, valued at over ₹1,000 crore, involves providing key support services and equipment for the Cracker Furnace Package of an Indian refinery project, strengthening the company’s order book and growth prospects.

JNK India, based in Thane, Maharashtra, designs, manufactures, and commissions furnaces for refineries and petrochemical plants. It is a part of the JNK Global group and is expanding its presence in the Indian energy infrastructure sector.

Order Significance and Execution Timeline

The contract represents one of JNK India’s largest to date, with a scheduled completion date of 2 February 2028. Although the transaction qualifies as a related-party deal, the company has assured that it will be executed on an arm’s-length basis, fully adhering to applicable regulations.

Market Response and Stock Movement

The announcement of the record order sparked strong investor demand, driving JNK India Limited’s stock up 9.99% from the previous close of ₹277.65 to ₹305.40. The surge lifted the company’s market capitalisation to ₹1,708.83 crore during an active trading session.

The stock traded within a day’s range of ₹275.15–₹305.40, with 0.85 lakh shares changing hands, generating a turnover of ₹2.51 crore. The deliverable quantity ratio remained above 66%, indicating strong investor commitment.

Corporate Positioning and Strategic Importance

This development underscores JNK India as an increasingly significant strategic execution partner for refinery and petrochemical projects in India. The partnership with JNK Global reflects the promoter’s level of trust in its Indian subsidiary as a company with engineering and project management capabilities. The company has continued growing its footprint in the industrial products space since its listing on April 30, 2024.

The ultra-mega contract is poised to have a profound impact on JNK India’s order book, facilitating ongoing revenue growth with a commensurate increase in investor confidence in its long-term growth story.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6ac15d10-ee75-48a1-92ce-4d1fd1a9a7c0.pdf

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