JNK India ltd – Oil and Gas sector proxy?

NOTES AR-FY24

• Global refining capacity is projected to expand by 3.3 million barrels per day between 2023 and 2030, supported by a simultaneous increase in the supply of non-refined fuels such as biofuels and natural gas liquids (NGLs).

• Some of the key major projects successfully executed during our journey include:

  1. Successful Commissioning of Crude Heaters and CCR Heaters for Dangote Refinery Heaters (Nigeria).
  2. Commissioning of Methanol Reformer for Assam Petrochemical.
  3. Crude Heaters and Atmospheric Residue Heaters for Pemex, Mexico.
  4. Hydrogen generation and dispensing station at IOCL R&D centre, Faridabad.

• Company supplied modularised heaters to Nigeria for the largest single-train refinery. This project involved designing and delivering some of the biggest
  heaters ever constructed, showcasing our ability to manage complex, large-scale modularisation tasks with precision and efficiency.

• We are collaborating with IIT, Mumbai for advanced burner technology, reflecting our commitment to environmental sustainability and innovation.

• we have added 103 new employees during the year in various functions thereby increasing our team strength to 253 staff members as at end of FY2024. (68% increase in employee strength in a year)