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.Powered by Capital Market - Live News

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. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales76.04191.56 -60 OPM %-11.363.22 - PBDT-8.588.63 PL PBT-10.057.38 PL NP-7.506.98 PL Powered by Capital Market - Live News

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. Powered by Capital Market - Live News

John Cockerill India will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

Net loss of John Cockerill India reported to Rs 0.03 crore in the quarter ended June 2024 as against net profit of Rs 4.34 crore during the previous quarter ended June 2023. Sales declined 57.82% to Rs 93.29 crore in the quarter ended June 2024 as against Rs 221.16 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales93.29221.16 -58 OPM %0.613.25 - PBDT1.537.13 -79 PBT-0.025.79 PL NP-0.034.34 PL Powered by Capital Market - Live News