JNK India Limited, initially incorporated as a private entity in 2010, transitioned to a public company in 2023. It is a prominent player in India's heating equipment sector, boasting a 27% market share in new order bookings for process fired heaters, reformers, and cracking furnaces as of fiscal 2023. These products are essential for industries like oil and gas refineries, petrochemicals, and hydrogen plants. The company collaborates closely with JNK Heaters, a KOSDAQ-listed firm and its corporate promoter, holding a 25.79% stake.
JNK India has completed significant projects across India and internationally in Nigeria and Mexico. The company’s notable achievements include pioneering projects in Nigeria, focusing on refinery erection work and hydrogen infrastructure. JNK India plans to raise Rs 300 Crores through a public issue, which includes a fresh issue and an offer for sale of over 8 million equity shares, aiming to strengthen its market position further.
