Prime Highlights
- Inox India secured fresh orders worth ₹939 crore, with the Industrial Gas segment contributing ₹871 crore.
- A major order from the space exploration industry helped strengthen the company’s order book and supported investor confidence.
Key Facts
- Inox India manufactures cryogenic equipment and provides solutions for industrial gas, LNG, scientific and healthcare applications.
- The company serves customers in India and international markets, supplying cryogenic storage, transport and processing systems.
Background
Inox India has secured multiple orders worth ₹939 crore across its Industrial Gas, LNG, Cryo-scientific Solutions and beverage keg businesses since the third week of May. The company said the new orders strengthen its position in the global cryogenic solutions market, with customers from India as well as overseas.
The Industrial Gas segment contributed the largest share of the order book at ₹871 crore. The business received a major order from the space exploration industry, along with several smaller orders for vaporisers and storage tanks. The company said these orders highlight the rising demand for its cryogenic solutions in advanced industrial applications.
The LNG business secured orders worth ₹44 crore. These include storage tanks, dispensers, semi-trailers and equipment for LNG fuelling stations. The company also received a smaller order from ITER, an international nuclear fusion research project.
The Cryo-scientific Solutions segment added orders worth ₹16 crore, while beverage keg orders contributed ₹8 crore. In addition, the company won orders for disposable cylinders, liquid cylinders and transport tanks across different business segments.
Chief Executive Officer Deepak Acharya said the latest order wins reflect growing global demand for the company’s cryogenic solutions, especially from the space sector. He added that Inox India remains focused on engineering innovation and supplying mission-critical cryogenic systems for customers across different industries.
After the announcement, Inox India shares were up as much as 5% in the trading window, suggesting investors were more positive about the company’s strong order inflow and business outlook.
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