John Cockerill India Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

Under this MoU, the parties will collaborate to transform iron and steelmaking in India, focusing on sustainable green steel solutions. Key areas include a joint venture in cold rolling and processing for carbon steel, integrating green hydrogen into steelmaking, and incorporating John Cockerill’s technologies into SAIL’s future projects.

This partnership with SAIL allows John Cockerill to leverage its combined strengths and innovative capabilities to make a real impact on reducing carbon emissions and shaping a more sustainable and competitive steel sector in India both now and for the future.

The company is committed to helping India’s steel industry transition to greener, more sustainable production processes. This MoU reflects a shared dedication to addressing pressing environmental challenges while strengthening the competitiveness of India’s steel industry.

François David Martino, CEO and chairman of John Cockerill India, said, “By leveraging our technologies, we can drive meaningful change in decarbonization and sustainable steelmaking. John Cockerill is proud to contribute to the growth of India’s steel sector through this transformative partnership with SAIL.

By combining our expertise and innovative technologies, we aim to deliver impactful solutions that enhance production efficiency, reduce carbon emissions, and position Indian steel producers as leaders on the global stage. Together, we can create meaningful advancements that drive sustainability and competitiveness in the industry.”

John Cockerill India is engaged in the conception, manufacture, and installation of reversible cold rolling mills. It has developed a wide range of technologies in the fields of processing lines, rolling mills, and thermal and chemical processes. It also supplies auxiliary steel treatment equipment. It has a global footprint across Asia, Africa, Middle East, Europe, North America, and South America, Russia.

Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defence industries and for sale in export markets.

John Cockerill fell 0.44% to Rs 4,713.65 while Steel Authority of India jumped 3.97% to close at Rs 229.35 on the BSE.

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John Cockerill India has entered into a Memorandum of Understanding (MoU) with Steel Authority of India (SAIL) on 28 November 2024 to explore joint initiatives to promote advanced solutions for the steel industry in India.

Under this MoU, the parties will explore various avenues to transform iron and steelmaking, while promoting the deployment of sustainable green steel solutions in the country. The key areas of focus will include exploring a joint venture in Cold Rolling and Processing for Carbon Steel, including Green Steel and Silicon Steel (CRGO, CRNO), analysing the integration of green hydrogen into iron and steelmaking processes, and incorporating John Cockerill's innovative processing technologies into SAIL's future projects.

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Net loss of John Cockerill India reported to Rs 7.50 crore in the quarter ended September 2024 as against net profit of Rs 6.98 crore during the previous quarter ended September 2023. Sales declined 60.30% to Rs 76.04 crore in the quarter ended September 2024 as against Rs 191.56 crore during the previous quarter ended September 2023.

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John Cockerill Industry North America lnc. has secured an order for Annealing and Pickling Line for Silicon Steel from ArcelorMittal Calvert LLC, America.

John Cockerill Industry North America Inc., fellow subsidiary of the Company has entrusted John Cockerill India, with the overall detail engineering of APL, supply of terminal equipments, pre-assembly of refractory, supply of annealing furnace, supply of associated hydraulic & lubrication systems and erection & commissioning of the line. The total value of contract is around Rs 103 crore.

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