JNK India announced that it has secured a significant order from Reliance Industries Limited (RIL) for the de-bottlenecking (DBN) project of the Gas Cracker Unit (GCU) at RIL’s Dahej Manufacturing Division (DMD) in Gujarat. The contract is classified as a “mega” order, with an estimated value between Rs 350 crore and Rs 500 crore.
The scope of the project includes comprehensive design, engineering, procurement, supply, and complete site erection. JNK India will also provide technical assistance during pre-commissioning, commissioning, and performance guarantee test runs for two gas cracking furnaces. The project is scheduled to be completed within 21 months.
Company Background and Capabilities
JNK India specializes in manufacturing heating equipment, including process-fired heaters, reformers, and cracking furnaces, which are essential for process industries such as oil and gas refineries, petrochemicals, and fertilizers. Over the years, the company has diversified into flares and incinerator systems and has been enhancing its capabilities in the renewable energy sector, particularly in green hydrogen.
Financial Performance
In the fourth quarter of FY24, JNK India reported a consolidated net profit of Rs 16.65 crore, marking a 56.2% year-on-year increase. Revenue from operations surged to Rs 226 crore in Q4 FY24, compared to Rs 107.40 crore in the corresponding quarter of the previous year.
Project Significance
The DBN project at RIL’s Dahej facility is crucial for enhancing the efficiency and capacity of the Gas Cracker Unit. By undertaking this project, JNK India aims to bolster its reputation as a reliable partner in the energy and petrochemical sectors. This contract underscores JNK India’s strong market position and its ability to deliver complex engineering projects.
Company Statements
Commenting on the achievement, a spokesperson from JNK India said, “We are honored to be entrusted by Reliance Industries with this significant project. Our team is committed to delivering high-quality engineering solutions and ensuring the successful execution of the Gas Cracker Unit de-bottlenecking project at Dahej. This contract aligns with our strategic goal of expanding our footprint in the energy sector.”
The partnership with RIL, one of India’s largest conglomerates, is expected to enhance JNK India’s visibility and credibility in the industry, potentially leading to more high-value contracts in the future.
Outlook
As JNK India embarks on this major project, the company is poised for continued growth and innovation in the field of industrial heating equipment and renewable energy solutions. The successful completion of the GCU DBN project will not only reinforce JNK India’s engineering prowess but also contribute to the ongoing development and modernization of India’s petrochemical infrastructure.
With this new order, JNK India is set to play a pivotal role in supporting Reliance Industries’ strategic objectives, further solidifying its position as a key player in the industry.
