Inox India Limited has secured orders worth ₹939 crore across its Industrial Gas, Cryo-scientific Solutions and LNG business segments since May 21, the company has said.
The Vadodara-based cryogenic technology solutions provider disclosed the order wins through a press release.
The order split includes ₹871 crore from the Industrial Gas segment, ₹44 crore from LNG, ₹16 crore from Cryo-scientific solutions, and ₹8 crore from Beverage Keg orders.
The Industrial Gas vertical received a boost from a “Mega” order (above ₹150 crore) from the space exploration industry, along with smaller “Minor” orders for vaporizers and storage tanks. In the LNG vertical, the company won multiple orders for storage tanks, dispensers, semi-trailers and LNG fuelling station equipment, while a “Minor” order also came in from ITER, the international nuclear fusion research project. Additional orders were booked for disposable cylinders, liquid cylinders, transport tanks and kegs.
CEO cites growing confidence in cryogenic capabilities
Commenting on the order wins, Deepak Acharya, Chief Executive Officer, Inox India Limited, said the wins reinforce the company’s position as a trusted global partner for mission-critical cryogenic solutions. He added that the company is witnessing strong momentum in the adoption of cryogenic technologies for increasingly sophisticated applications, particularly in the space sector, and that this growing global confidence pushes the company to keep raising the bar on engineering excellence, innovation and execution.
Space exploration ‘Mega’ order in Industrial Gas vertical leads order book boost; ITER also places order
Shares of Inox India were trading at ₹1,887.80, up ₹81.40 or 4.51%, on the NSE following the announcement.
Inox India Limited (INOXCVA) is among the largest manufacturers of cryogenic storage, regasification, and distribution systems for LNG, industrial gases, liquid hydrogen, and cryo-scientific applications, with operations across India, Brazil, and Europe. The company serves customers in more than 100 countries and is supported by after-sales associates in 25 countries.
