Posts in category All News
Sebi offers flexibility, relaxes ‘trading plan’ norms for insiders (26-06-2024)
JNK India – one of the leading Heating Equipment companies in India (26-06-2024)
Introduction
JNK India is a prominent player in the Indian heating equipment market. They have capabilities in thermal design, engineering, manufacturing, supplying, installing and commissioning process for fired heaters, reformers, and cracking furnaces.
Business
They are well-recognized process-fired heater companies in India, having a market share of approximately 27% in the Indian heating equipment market in terms of new order bookings in fiscal 2023.
A process-fired heater is a type of industrial heater used to heat fluids or gases directly by burning a fuel source such as natural gas or propane. Reformers are devices used to convert hydrocarbons, such as natural gas or naphtha, into synthesis gas or syngas, which is a mixture of hydrogen and carbon monoxide. Further, cracking furnaces are used to break down large hydrocarbon molecules into smaller ones, which can then be used to produce a variety of products, including fuels, chemicals, and plastics. The process of breaking down hydrocarbons is known as cracking, and it typically involves heating the hydrocarbon feedstock in the presence of a catalyst. Process-fired heaters, reformers, and cracking furnaces (together, the “heating equipment”) are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants, etc.
Clients
As of march 31, 2023, they have served 17 customers In India and seven customers overseas.
Seven out of the 12 oil refining companies in India are their customers and they have supplied or are in the process of supplying heating equipment to 11 of the 24 operating oil refineries across India. Their domestic clients are IOC, RCF, Tata Project Ltd and Numaligarh Refinery Ltd.
Further, they have catered to overseas customers, such as a leading engineering procurement and construction (“EPC”) company in Europe, a leading oil and gas exploration and production company in Oman and the Middle East arm of the European EPC company in oil and gas.
**Revenue from operations **
In 2023
Oil and gas - 77.25%
Petrochemical - 16.17%
Fertilizers - 0.20%
Others - 6.38%
Source: JNK India DRHP
Reliance lifts benchmark indices to new highs; Sensex eyes 80k, Nifty 24k (26-06-2024)
Emergency resolution in Lok Sabha exposes anti-democratic thinking of Congress, says Amit Shah (26-06-2024)
Fairfax Group to sell a 9.72% stake in CSB Bank via block deal (26-06-2024)
Mutual Fund Portfolio Review- Suggestions (26-06-2024)
You’re right. While that’s true about NAV allotment, does it really matter for long-term investments (more than 5 years)?
In my opinion, for such long time horizons, the NAV allotment on specific days (T+1, T+2) becomes less significant.
If your goal is to capitalize on lower prices, then ETFs are a great option, especially for broad market indexes like Nifty 50 or Next 50. They allow you to benefit from market downturns, but you do need to stay somewhat attuned to market movements.
For Groww site, I observed, if I place the order before 11 or 12 pm, I will get same day NAV allotted.