A contract has been awarded to JCIL and its subsidiary JCMI for the design, engineering, supply, supervision of erection, and commissioning of two Annealing & Coating Lines (ACL 1 and ACL 2) and one Annealing & Pickling Line (APL) for JSW’s CRNO project.

The scope covers the CRNO electrical steel facility, with JCIL and JCMI handling the complete package for the lines.

JSW Vijayanagar Metallics awarded the contract to JCIL and JCMI, making JCIL a key partner for the CRNO project.

The order is domestic and will be executed within 36 months from May 2026, reflecting John Cockerill India’s expansion of high-end engineering capabilities in the country.

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In Q1 of calendar year 2026, JCIL reported a consolidated net profit of Rs 7.36 crore versus a loss of Rs 2.91 crore a year earlier, with revenue rising 56% year-on-year to Rs 344.52 crore for the March quarter.

John Cockerill India serves as the Indian hub and centre of excellence for cold rolling mill complexes within the John Cockerill Group, a world leader in reversible cold rolling mills and related processing lines.

The order is awarded by a domestic entity and is not a related-party transaction; there is no promoter interest in the awarding entity.

JCIL surged to a record high after news of the major order, with shares jumping about 7% and trading at elevated levels following the announcement.

The aggregate contract value is about Rs 1,250–1,300 crore, allocated roughly Rs 550 crore to JCIL, EUR 30–35 million to JCMI, and around Rs 400 crore for the consortium portion with the furnace supplier group, with execution over 36 months from May 2026.

JCIL’s offerings include complete cold rolling mill complexes, galvanising lines, colour coating lines, tension leveling lines, skin-pass mills, acid regeneration plants, wet flux lines, and pickling lines.

John Cockerill India is the Indian arm of Belgium-based John Cockerill SA, specializing in design, engineering, manufacturing, and installation of steel processing equipment and production lines.