Cryogenic technology solutions provider INOX India Ltd. (INOXCVA) has secured orders worth ₹939 crore across its Industrial Gas, LNG and Cryo-scientific Solutions businesses since May 21.
The company received orders worth ₹871 crore in the Industrial Gas segment, ₹44 crore in the LNG business, ₹16 crore in Cryo-scientific Solutions and ₹8 crore in beverage keg.
Order Book
The order inflow was led by a mega order in the Industrial Gas business from the space exploration sector.
The company also received orders for vaporizers and storage tanks under the Industrial Gas segment.
Disposable cylinders
In the LNG business, INOX India secured multiple orders for storage tanks, dispensers, semi-trailers and LNG fuelling station equipment.
INOX also received a minor order from ITER and bagged multiple orders for disposable cylinders, liquid cylinders, transport tanks and beverage kegs.
Management Commentary
INOX India Chief Executive Officer Deepak Acharya said “As we continue to expand our presence across geographies and end-use sectors, we are witnessing strong momentum in the adoption of cryogenic technologies for increasingly sophisticated applications, particularly in the space sector.”
“This growing global confidence in our capabilities motivates us to continually raise the bar on engineering excellence, innovation and execution,” he said.
Company Profile
INOX India is a manufacturer of cryogenic equipment and technology solutions catering to industrial gases, LNG, cryo-scientific applications and beverage industries. The company serves customers across domestic and international markets with products ranging from cryogenic storage tanks and transport equipment to specialised engineering systems.