### **Overview** John Cockerill India Limited (JCIL) is the Indian subsidiary and strategic hub of the globally renowned **John Cockerill Group**, a 200+ year-old Belgian industrial conglomerate founded in 1817. JCIL serves as the **Center of Excellence for Cold Rolling Mill Complexes** within the global group and is positioned as a leading technology provider in the steel manufacturing sector. Headquartered in Mumbai, with manufacturing facilities in **Taloja and Hedavali (Maharashtra)**, the company operates at the intersection of innovation, sustainability, and advanced engineering across steel, hydrogen, defense, and energy sectors. --- ### **Core Business Segments (Metals Division)** JCIL’s Metals business is structured into three key segments: 1. **Processing & Rolling**: - Offers advanced equipment including **pickling lines, cold rolling mills (CRM), coating lines, and acid regeneration plants**. - Proprietary technologies: **Jet Vapor Deposition (JVD)**, **E-Si™** for electrical steel, and **Volteron™** for green steel. - Serves carbon and silicon steel production with global leadership in **high-end automotive galvanizing lines**. 2. **Services & Energy Efficiency**: - Focuses on **plant revamps, energy optimization, spare parts, repair services, and furnace electrification**. - Offers **furnace combustion with hydrogen**, supporting customer decarbonization. 3. **Iron & Steel Making Technology**: - Pioneers **green primary steel** technologies like **Volteron™**, a **zero-emission iron electrolysis** process developed with ArcelorMittal. - Expanding into **hydrogen-based steelmaking** and **electric arc furnaces (EAF)**. --- ### **Global Operations & Structure** - The John Cockerill Group operates in **29 countries** across five continents, with over **6,000 employees** and €1.4 billion in revenue (2024). - JCIL has **global responsibility** for the group’s metals business, with the formation of **John Cockerill Metals International SA (JCMI)**—a new entity being fully acquired by JCIL for up to **€50 million** under a five-year, interest-free payment plan. - Manufacturing footprint includes: - **USA (Salem, NC)**: Machining and fabrication. - **India (Taloja and Hedavali)**: CRM and large-scale processing line production. - Regional markets: **India, China, Europe, and North America**. --- ### **Recent Strategic Developments (2025)** #### **1. Portfolio Diversification & Upstream Expansion** - JCIL is expanding into **upstream steelmaking processes**, traditionally representing ~80% of steel capex, through **Volteron™ electrolysis** and **hydrogen-based solutions**. - Plans to launch a **semi-industrial Volteron™ plant (40,000 tpa)**, with scalability to **800,000 tpa**, offering a **carbon-free alternative** to blast furnaces. #### **2. Major Project Wins (2025)** JCIL has secured key contracts, solidifying its presence across the full steel value chain: - **JSW JFE Electrical Steel (Nashik)**: Supply of **tunnel furnaces** for India’s first TRDO CRGO facility—boosting self-reliance in high-grade transformer steel. - **Tata Steel (Jamshedpur)**: **Push-Pull Pickling Line + Spray Roaster ARP** for tinplate division—integrating advanced acid recovery. - **Godawari Power & Ispat Ltd**: **6-Hi Reversible CRM** for a 2 MTPA steel plant. - **JSW Khopoli**: **New CGL + Push-Pull Pickling Line** with **Zn+Al coating**—meeting rising demand for corrosion-resistant steel. #### **3. Expansion of Value Services Segment** - **Rolls Coating Facility**: Launch of **India’s first HP-HVAF (High-Pressure High-Velocity Air Fuel)** coating technology at Taloja (Q1 FY2026). - Partnership with **Advanced Coatings SA (Belgium)**—certified under **EN 9100, ISO 14001, NADCAP**. - Annual capacity: **300 rolls**, generating **INR 3 crore/year** with **INR 2 crore capex** already invested. - Environmentally superior: **zero hexavalent chromium, water-free process, zero waste**. - **Spares & Services Growth**: Now accounts for **20–25% of the order book**, driving recurring, non-cyclical revenue and stronger customer lifecycle engagement. --- ### **Technology Innovations** - **Volteron™**: - Breakthrough **low-temperature iron electrolysis** technology—eliminates coal-based reduction. - Enables **near-zero CO₂ emissions** in ironmaking; under development with ArcelorMittal. - Commercialization expected by **2026**. - **Jet Vapor Deposition (JVD)**: - Vacuum-based **zinc coating process** enabling **faster, customizable, high-quality coatings**. - 2x speed of traditional galvanizing, **99.5% zinc yield**, lower emissions. - Over **1 million tons** produced at ArcelorMittal Ghent; **first JVD order expected in 2025**. - JCIL is the **global manufacturing center** for JVD equipment. - **E-Si™ Technology**: - Designed for **high-performance electrical steels** used in e-mobility and transformers. - Supports India’s green transition and rising demand (projected **$45.8B market by 2026**). --- ### **Strategic Collaborations** - **SAIL MoU (2024/2025)**: Strategic partnership under **National Green Hydrogen Mission** to co-develop green steel and modernize SAIL’s processing facilities. - **IIT Bombay**: Research partnership for sustainable steelmaking technologies. - **Advanced Coatings SA**: To deliver world-class rolls coating services in India. - **ArcelorMittal**: Joint development of **Volteron™ and JVD**, validating the commercial and technical maturity of JCIL’s innovations. --- ### **Leadership & Governance** - **Fred (Frédéric Martin)** appointed **Managing Director (Aug 2025)**, succeeding Michael Kotas. - 35+ years in global metals industry; also serves as **VP Metals, John Cockerill Industry**. - Leadership focus: **Operational efficiency, profitability, localized solutions, and execution excellence**. --- ### **Financial & Operational Updates** - **FY2024 Performance**: Revenue of **Rs. 3,887.3 million**, net loss of **Rs. 53.8 million** due to delayed projects. - **Q1CY2025**: Positive EBITDA of **INR 9.1 million** despite 48% YoY revenue decline—indicating improved cost control and margin recovery. - **Project Execution**: Strong track record in timely delivery—recent FAs received for **JSOL ARP** and **JSW CCL3**; erection work underway for **Jindal CCL**. --- ### **Sustainability & ESG** - Core focus on **fossil-free steel**, **waste minimization**, and **clean technology**. - Products enable: - **>80% reduction in CO₂ emissions**. - **Near-total acid recycling** (via FBARP/FB Roaster ARP). - **On-site green hydrogen** via pressurized alkaline electrolysers (manufactured by parent group). ---