JNK India

What JNK India does

JNK India Limited is a publicly listed (BSE: 544167) Indian engineering, procurement and construction (EPC) company founded in 2010 and headquartered in Thane, Maharashtra, that designs, manufactures, installs and commissions process fired heaters, hydrogen/methanol/ammonia reformers, cracking (pyrolysis) furnaces, flare systems, incinerators and thermal oxidisers for the oil and gas refining, petrochemical, fertilizer and hydrogen plant sectors. The company is one of the leading heating equipment suppliers in India, claiming 75+ fired heater packages executed in the past 10 years and serving 7 of India's 12 oil refining companies (and 11 of 24 operating Indian refineries) along with international customers in UAE, Oman, Nigeria, Algeria, Lithuania, Mexico and Russia. Its manufacturing backbone is a 5-acre ISO 9001/14001/45001-certified facility at Adani SEZ Mundra with 600–700 tons per month modular fabrication capacity, enabling shipment of large prefabricated modules globally.

JNK India generates revenue through three streams: turnkey EPC contracts recognized on project milestones, equipment supply on engineering and manufacturing basis (with optional erection and commissioning assistance), and standalone engineering services (basic/detailed engineering, feasibility and revamp studies, project management). Pricing is project-based with contract values ranging from ₹100 crore to ₹5,000 crore classified as "large orders." Customers include Indian Oil Corporation, Reliance Industries, ONGC, HPCL Rajasthan Refinery, Numaligarh Refinery, Haldia Petrochemicals, Dangote (Nigeria), Pemex (Mexico) and ADNOC (UAE, via CC7 Emirates Engineering Solutions), with EPC contractor relationships spanning L&T, Tata Projects, Technip Energies, Petrofac and KBR. The company maintains a long-standing technology collaboration with Korean parent JNK Heaters Co., Ltd. (KOSDAQ listed) and is expanding into clean energy through subsidiary JNK Renewable Energy (Solar PV-EPC and onsite hydrogen), joint venture JNK Chemdist Technologies (green hydrogen), and a February 2026 MoU with Estonia-based Elcogen for solid oxide technology in waste heat recovery applications targeting green ammonia, e-fuels and Power-to-X. FY2025-26 consolidated revenue was ₹818.55 crore (+71.73% YoY) with net profit of ₹64.95 crore (+115% YoY), and the stock has rallied approximately 94% year-to-date in 2026 against a decline in the Nifty 50.

Name

JNK India

Legal name

JNK India Limited

Website

https://jnkindia.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

JNK India Limited is a publicly listed Indian EPC company that designs, manufactures and commissions process fired heaters, reformers, cracking furnaces, flares and incinerators for oil and gas refineries, petrochemical plants, fertilizer manufacturers and hydrogen facilities across India, the Middle East and Africa.

Ownership category

akta.pro rank

Product category

Industrial Process Heating Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Industrial Process Furnaces & Ovens (3567), Fabricated Plate Work (Boiler Shops) (3443)

akta.pro primary industry

Energetic Materials Precursors & Intermediates (IMAEALAJ)

akta.pro secondary industries

Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG), Engine Modules & Hot-Section Components (Compressors/Turbines/Combustors) (IMABADAJ)

Keywords

• Process fired heaters
• Steam reformers
• Cracking furnaces
• EPC process equipment
• Refinery and petrochemical equipment

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contracts: Complete turnkey engineering, procurement and construction contracts including design, manufacturing, installation and commissioning of heating equipment. Revenue recognition through project milestones.
2. Equipment Supply: Manufacturing and supply of fired heaters, reformers, flares, incinerators on engineering and manufacturing basis with optional erection and commissioning assistance.
3. Engineering Services: Basic and detailed engineering, feasibility studies, revamp studies, and project management services provided as standalone offerings or part of EPC packages.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

JNK India designs, engineers, manufactures, supplies, installs and commissions process fired heaters, steam reformers (hydrogen/methanol/ammonia), and cracking (pyrolysis) furnaces, plus flare systems, incinerators/thermal oxidisers and hydrogen refueling stations for oil & gas refineries, petrochemical, fertilizer and hydrogen plants. The company delivers these as EPC packages (including basic/detailed engineering, revamp feasibility studies, project management, field erection, supervision and commissioning) from a 5-acre ISO-certified modular fabrication facility at Mundra SEZ.

Product overview

JNK India is a heating equipment company offering two main product segments: (a) Heating Equipment including process fired heaters, reformers, and cracking furnaces, and (b) Flares, Incinerators and Others. The company provides EPC services including basic/detailed engineering, revamp feasibility studies, and project management. The portfolio consists of six core products—Fired Heaters, Hydrogen/Methanol/Ammonia Reformers, Cracking (Pyrolysis) Furnace, Flare Package, Incinerator/Thermal Oxidiser, and Hydrogen Refueling Station—alongside three service offerings. The company also operates JNK Renewable Energy (a wholly owned subsidiary for solar PV-EPC) and JNK Chemdist Technologies Private Limited (a joint venture for green hydrogen).

Differentiator

Problem solved

Functional benefit

Brands

• JNK Renewable Energy: Renewable energy subsidiary focused on Solar PV-EPC projects, onsite hydrogen production, and sustainable energy solutions

Products and services

• Process Fired Heaters Process-fired heaters used in petrochemical and refinery projects for heating process fluids or vaporizing them, with over 75 Fired Heater packages implemented by JNK India in the last 10 years across refineries, fertilizer and petrochemical plants.
• Hydrogen / Methanol / Ammonia Reformers Steam reformer systems designed for safe generation of hydrogen used in ammonia and methanol plants through synthesis gas production from hydrocarbon feedstock, with high process efficiency and minimum environmental impact.
• Cracking (Pyrolysis) Furnace Superior cracking furnaces for producing petrochemical building blocks such as ethylene and propylene with focus on safety and sustainability, featuring innovative designs and sturdy structure.
• Flare Package Flare systems for medium and large hydrocarbon projects supporting safe disposal of hydrocarbon vapours during normal operation, start-up, shutdown, and upset conditions.
• Incinerator / Thermal Oxidiser Custom-designed incinerators and thermal oxidizers with heat recovery systems for safe disposal of waste materials including hazardous chemicals, meeting stringent emission norms for CO, NOx, SOx and HC.
• Hydrogen Refueling Station Hydrogen/Green Hydrogen refueling stations for environmentally supportive transport solutions, dispensing hydrogen with stringent safety measures and superior manufacturing.
• Basic / Detailed Engineering In-house engineering services covering basic to detailed engineering including process, thermal, mechanical design, stress analysis, and 3D modeling, offered as standalone service or as part of EPC packages.
• Revamp Feasibility Study Feasibility studies for energy efficiency improvement and residual life analysis of existing installations, with innovative solutions for thermal efficiency improvement.
• Project Management Comprehensive project management services including procurement, fabrication, inspection, site supervision, construction/erection, and commissioning assistance for industrial projects.

Named customers16 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Five partnerships are on record, tiered core and strategic.

• CC7 Emirates Engineering Solutions L.L.C.coreStrategic or Co-development Partner · 9 June 2026JNK India secured a large order for waste gas handling systems including an Incinerator Package for the TA'ZIZ Salt Project of ADNOC in Abu Dhabi, UAE. Order valued between ₹100-300 crore, covering design, engineering, manufacture, procurement, and supply with delivery by December 2027.
• JNK Global Co., KoreacoreTechnology or Integration · 27 March 2026JNK India received significant order from JNK Global Co., Korea for support services and supplies related to a refinery project in India. Order valued between Rs 300 crore to Rs 600 crore. Leveraging long-standing relationship with JNK Heaters Korea.
• ElcogenstrategicTechnology or Integration · 1 February 2026MoU signed during India Energy Week 2026 in Goa to explore collaborations using solid oxide technology in industrial energy projects that recover and utilise waste heat. Targets hard-to-abate applications including green ammonia, e-fuels and Power-to-X schemes. Both companies view this as Elcogen's entry point into India's clean-energy market.
• JNK Heaters Co., Ltd. (Korea)coreStrategic or Co-development PartnerKOSDAQ listed Korean parent company. Long-standing relationship since JNK India's inception in 2010. Relationship is both independent and collaborative in nature, providing technology access and technical know-how for fired heaters and reformer technology.
• Chemdist GroupstrategicStrategic or Co-development PartnerJNK India Limited formed a new Joint Venture company JNK Chemdist Technologies Private Limited focused on development and commercialization of green hydrogen technologies and other emerging technologies.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Thermax Limited: Indian-listed industrial heating and boiler manufacturer with overlapping product scope in process heating equipment and EPC services for refineries, petrochemical, and fertilizer plants, directly competing with JNK in the Indian market.
• Heurtey Petrochem (NovaTech Process Solutions): Heurtey Petrochem, now part of NovaTech Process Solutions, is the world's largest pure-play process fired heater and reformer technology company. It is the closest direct global peer to JNK India given the identical product scope of process fired heaters, reformers, and cracking furnaces for refineries and petrochemical plants.

Broad incumbents

• KBR: Global EPC and technology licensor for hydrogen, ammonia, and refining process plants; competes with JNK on reformer packages and has a strategic technology partnership relationship with JNK India.
• Larsen & Toubro (L&T) Hydrocarbon: Indian EPC giant with significant hydrocarbon engineering and construction capability including fired heater and reformer supply; competes with JNK both as a customer and as a process equipment supplier on domestic and overseas projects.
• Petrofac: International EPC and operations services contractor serving oil & gas, refining and petrochemical clients; competes with JNK for heater and reformer scope on major international projects and collaborates as a project partner.
• thyssenkrupp Uhde: Global EPC contractor with in-house fired heater, steam reformer and cracking furnace design and supply capabilities serving fertilizer, petrochemical, and refining clients; competes with JNK on international process-fired-heater packages as part of a broader technology portfolio.
• Technip Energies: Major global EPC contractor and licensor for ethylene cracking furnaces and refining heaters; competes with JNK as both an integrated EPC and a technology licensor on large petrochemical and refining projects.

Emerging players

• BORSIG Group: German process equipment manufacturer with capabilities in fired heaters, pressure vessels and waste-heat recovery units for refining, petrochemical and fertilizer plants; overlaps with JNK's product portfolio and competes in international bids.
• John Zink (Koch-Glitsch): Combustion and emission-control equipment manufacturer (flare systems, burners, thermal oxidizers) that overlaps with JNK's Flare Package and Incinerator/Thermal Oxidiser product lines for refineries, petrochemical and gas processing facilities.

Regional players

• Sumitomo Heavy Industries Process & Plant: Japanese industrial machinery major with process plant and chemical plant engineering capabilities including fired heaters and reformers; overlaps with JNK's product scope but primarily competes across Asia and Middle East projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jnk-india-private-limited
• Facebookfacebook.com/jnk.india.7

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JNK India