JNK India hits record high on orders from Reliance Industries
18/06/2024 05:17
** Shares of JNK India JNKI.NS rise as much as 14.4% to
777.95 rupees, hitting a record high
** The heating equipment maker gets two mega orders, both in
the range of 3.5-5 billion rupees ($41.9 mln - $59.9 mln) from
Reliance Industries RELI.NS
** Orders for Gas Cracker Unit (GCU) De-Bottlenecking (DBN)
Projects at RELI's Dahej and Nagothane manufacturing divisions
** Stock last up 8.9%; it has gained around 7% since
listing in late April
($1 = 83.4900 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))