JNK India hits new high

JNK India hit a fresh 52-week high of Rs. 471.35 during the session, with turnover at around Rs. 9.83 crore and the stock trading at a VWAP of Rs. 452.81.

The move followed the company’s disclosure of a “large” export order from CC7 Emirates Engineering Solutions L.L.C., UAE, for the TA’ZIZ Salt Project in Abu Dhabi. The contract, pegged in the range of Rs. 100 crore to Rs. 300 crore, covers design, engineering, manufacture, procurement and supply of an incinerator package on an FCA basis, along with per-diem support for erection, commissioning and performance testing.

The delivery timeline is scheduled through December 2027, and the company said the transaction is not a related-party deal.

From a market standpoint, investors appear to be reacting to the combination of (a) an international order win in a marquee industrial project and (b) the visibility that comes with an execution runway extending into FY28, even though the revenue recognition will be staggered over the project period. The order also reinforces JNK India’s positioning in specialised waste-gas handling and thermal systems, and signals potential for further Middle East opportunities as the region continues to spend on downstream chemicals and industrial infrastructure, segments where engineered packages and commissioning support typically carry higher complexity and stickier customer relationships.