Subscribe, JNK India Ltd: Geojit Financial Services

Discover the secret world of unlisted shares — analyse India's top pre-IPO companies and invest before they hit the markets

Invest in Apple, Nvidia, Microsoft, Tesla and 9,000+ U.S. stocks & ETFs. Start from just ₹1.

Geojit Financial Services, IPO report on JNK India Ltd

JNK India Ltd. (JIL) specializes in manufacturing heating equipment for various process industries such as oil & gas refineries, petrochemicals, and fertilizers. Incorporated in 2010, the company is one of the well-recognized heater companies in India, having a market share of approximately 27% in the segment, in terms of new order booking as of FY23. The company has successfully executed projects in India, Mexico, and Nigeria, with ongoing ventures across various Indian states and overseas locations. JIL's key clientele includes organizations such as Indian Oil Corporation, Tata Projects, and Rashtirya Chemicals & Fertilisers. As of December 31, 2023, the company has provided services to 21 customers in India and 8 customers abroad. The projected demand for heating equipment from Indian refineries, petrochemicals, and fertilizer sectors between FY24 and FY29 is estimated at ₹27,089cr, averaging approximately ₹4,500cr annually, signalling favourable prospects for the company. JNK India collaborates closely with its corporate promoter, JNK Global, a KOSDAQlisted entity with a 25.8% share.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Find the best of Al News in one place, specially curated for you every
weekend.

Stay on top of the latest tech trends and biggest startup news.

Sensex Today Tata Motors Share Price Urban Company Block Deal Karnataka Bandh Lenskart share price Prajwal Revanna Karoline Leavitt Parliament Session LIVE Tukaram Mundhe HDFC AMC

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home Performance Tracker Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator Petrol Price in India Diesel Price in India IFSC Code

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive

Source: Read the original article on www.moneycontrol.com

Additional coverage from www.moneycontrol.com:

Discover the secret world of unlisted shares — analyse India's top pre-IPO companies and invest before they hit the markets

Invest in Apple, Nvidia, Microsoft, Tesla and 9,000+ U.S. stocks & ETFs. Start from just ₹1.

JNK India are in the business of manufacturing the process fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical, and fertilizer industries. They have capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning Heating Equipment and cater to both domestic and overseas markets. The Indian heating equipment market is closely competed among seven companies with their Company and Thermax Limited being the most prominent and comparable players. Over the years, they have diversified into flares and incinerator systems and have been developing capabilities in the renewable sector with green hydrogen.