John Cockerill India Ltd - Stock TechnoFunda Ideas

John Cockerill India Ltd (1100 to 2730)

#COCKERILL
Recommended on: 29-June-2022
Recommended Price: 1100
Today’s High: 2730
Return Till Date: 148.18%
Date: 15-June-2023

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Company History

John Cockerill India Limited, formerly known as CMI FPE Limited, was established as a Public Limited Company in May 1986. The company’s main activities include customised design, engineering, manufacturing, and installation of components of Cold Rolling Mill Complexes, Galvanising Lines, Colour Coating Lines, Tension Levelling Lines, Skin Pass Mills, Acid Regeneration Plants, Wet Flux Lines, and Pickling Lines for ferrous and non-ferrous industries globally. In June 2020, the company changed its name to John Cockerill India Limited.

Manufacturing Facilities

John Cockerill India Limited has two manufacturing facilities in Maharashtra, one in Taloja and the other in Hedavali. The Taloja plant is a “Centre of Excellence for Cold Rolling Mills” and completed its modernization and expansion plan in 2013. The company acquired a new plant site at Hedavali, near Khopoli, in Maharashtra in 2012.

Global Footprint

John Cockerill India Limited has a global footprint across Asia, Africa, the Middle East, Europe, North America, and South America. The company has over three decades of experience in designing, manufacturing, erection, and commissioning of cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces, and auxiliary equipment meeting global demand for ferrous and non-ferrous industries.

Steel Industry Outlook

The Indian government has set a target of 300 million tonnes of steelmaking capacity by 2030, and domestic steelmakers have earmarked a capex of more than Rs 1 lakh crore in the next 2-3 years. The non-ferrous or base metal companies are also increasing their capital expenditure outlays for the future as demand grows from user industries. The global steel demand is expected to remain broadly stable in CY22 driven by stimulus measures focused on infrastructure projects, especially in World ex China.

Conclusion

John Cockerill India Limited is a leading manufacturer of cold-rolling mills, galvanizing lines, and other components for ferrous and non-ferrous industries worldwide. With over three decades of experience, the company has two manufacturing facilities in Maharashtra and a global footprint across Asia, Africa, the Middle East, Europe, North America, and South America. The Indian steel industry is expected to remain robust due to the government push on infrastructure spending and the gradual revival of auto production.