JNK India announced that it has received a mega order from Reliance Industries (RIL) for the Gas Cracker Unit (GCU) de-bottlenecking (DBN) project at RIL’s Dahej Manufacturing Division (DMD) in Gujarat, India.
As per JNK India’s classification, the value of the mega contract is in the range of Rs 350-500 crore.
The scope of work includes design, engineering, procurement, supply, complete site erection and technical assistance during pre-commissioning, commissioning and performance guarantee test runs for two (2) gas cracking furnaces.
The said order will be completed in 21 months.
JNK India manufactures heating equipment such as process heaters, reformers and cracking furnaces required in process industries such as oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company has diversified into flares and incinerators and has developed capabilities in the renewable energy sector with green hydrogen.
The companys consolidated net profit jumped 56.2%YoY to Rs 16.65 crore in Q4 FY24. Revenue from operations surged to Rs 226 crore in Q4 FY24 as compared to Rs 107.40 crore in the corresponding quarter last year.