JNK India Ltd shares hit the 10% upper circuit today after the company announced that it has secured an ultra-mega order from its Korean promoter, JNK Global Co. Ltd. The contract, valued at over ₹1,000 crore, involves providing support services and supplies for a Cracker Furnace Package at a major refinery project in India.
According to the company’s exchange filing, the project delivery timeline extends up to February 2, 2028. The scope of work includes comprehensive technical assistance and supply support from JNK India to JNK Global. Although it is classified as an international contract, the project execution will take place domestically within India.
JNK India also clarified that the deal, while being a related-party transaction, is being executed at arm’s length and poses no conflict of interest.
This new contract marks a major milestone for JNK India, strengthening its position as a key player in the energy infrastructure and refinery technology sector. The company continues to expand its portfolio of large-scale furnace systems and engineering solutions for global clients.
