INOX India Secures Multiple Orders Worth Rs. 3.22 Billion
The order book comprised Rs. 2.42 bn in the Industrial Gas segment, Rs. 390 mn in the LNG segment and Rs. 380 mn in the Cryo-scientific Solutions segment, alongside additional smaller wins. The Industrial Gas intake included a mega contract from a global private space exploration firm for large cryogenic storage tanks with 1,500 cubic metre capacity and several minor orders for IMO tanks and liquid cylinders. The company also secured multiple minor orders for LNG semi trailers and dispensers and a large contract from CERN for cryogenic modules.
Chief executive officer Deepak Acharya described the flow of orders as an encouraging start to the financial year and indicated that the wins provide visibility on growth and a healthy product mix across industries and geographies. He stressed that the awards underscore continued confidence in the company’s cryogenic capabilities and engineering standards. The statement indicated that the mix of contracts enhances the company’s forward visibility.
On the bourse, shares of INOX India Limited were last traded on the BSE at Rs. 1,464.70 compared with the previous close of Rs. 1,447.50. The total shares traded during the day numbered 9,294 in over 622 trades, with an intraday high of Rs. 1,497.55 and a low of Rs. 1,444.90. The net turnover during the session was Rs. 13,669,795. The company continues to focus on advanced cryogenic solutions across sectors.