This Cryogenic Technology Solutions Provider Secures Multiple Orders Worth Rs 373 Crore
The company has a market cap of over Rs 10,000 crore and has a good return on equity (ROE) track record: 3 Years ROE 30.2 per cent.
INOX India Limited (INOXCVA), a global leader in cryogenic technology solutions, has announced a significant boost to its current order book, securing multiple orders totalling Rs 373 Crore in the current financial year to date. This substantial influx of orders reflects strong demand across all its core business segments. The breakdown of these orders includes Rs 151 Crore from the Cryo-scientific Solutions segment, Rs 141 Crore from the Industrial Gas segment, and Rs 71 Crore from the LNG segment. These figures underscore the continued confidence of both global and domestic clients in INOX India's advanced cryogenic systems and capabilities.
Among the notable wins, INOX India has secured a 'Major' contract from ITER for the repair of its Cryostat Thermal Shield, demonstrating its expertise in highly specialised cryogenic applications. Additionally, the company has received numerous 'Large' and 'Minor' orders for a diverse range of products, including LNG storage tanks, Industrial Gas storage tanks, transport tanks, dispensers, and disposable cylinders. Further diversifying its portfolio, INOX India also secured a 'Minor' order for the supply of Beverage Kegs to a customer in Germany, highlighting its reach into various international markets.
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About the Company
INOX India Limited (INOXCVA) is one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases, Liquid Hydrogen and Cryo-Scientific applications with operations in India, Brazil & Europe. The Company has an extensive user base, spread across more than 100 countries and is serviced by a network of after-sales support associates in 25 countries. The company is leading India’s efforts in the adoption of LNG for industrial and automotive purposes. The company’s key strength lies in design engineering, manufacturing, supply and commissioning of cryogenic turnkey packaged systems.
The company has a market cap of over Rs 10,000 crore and has a good return on equity (ROE) track record: 3 Years ROE 30.2 per cent. The stock is up by 38 per cent from its 52-week low of Rs 884.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.