Inox India Ltd shares rose sharply by almost 6% on Thursday after the company secured multiple orders worth ₹190 crore in January and February 2025. This takes the company’s current order book value for the financial year 2025 (FY25) to ₹1,359 crore.The company has received a large order from a European university for the supply of transferlines, in addition to a minor order from an Australian customer for the supply of International Maritime Organization (IMO) containers for Oxygen, Nitrogen and Carbon Dioxide.
Other orders comprising the ₹190 crore quantity include minor orders for the supply of horizontal and vertical Liquefied Natural Gas (LNG) and industrial gases storage tanks, vaporisers, along with various other specialised cryogenic equipment.
The company has stated that these orders will be supplied to clients across the United States, Europe, and India.
With a strong order pipeline and an expanding international reach, INOX India is poised to play a pivotal role in the global cryogenic industry’s growth, the company said in a statement.”These orders reaffirm our customers’ trust in INOX India’s cutting-edge cryogenic solutions. As the demand for clean energy and industrial gas infrastructure continues to rise, we remain committed to delivering innovative, high-quality, and reliable cryogenic equipment worldwide,” said the Chief Executive Officer (CEO) of INOX India Ltd, Deepak Acharya, on Thursday.
Other orders comprising the ₹190 crore quantity include minor orders for the supply of horizontal and vertical Liquefied Natural Gas (LNG) and industrial gases storage tanks, vaporisers, along with various other specialised cryogenic equipment.
The company has stated that these orders will be supplied to clients across the United States, Europe, and India.
With a strong order pipeline and an expanding international reach, INOX India is poised to play a pivotal role in the global cryogenic industry’s growth, the company said in a statement.”These orders reaffirm our customers’ trust in INOX India’s cutting-edge cryogenic solutions. As the demand for clean energy and industrial gas infrastructure continues to rise, we remain committed to delivering innovative, high-quality, and reliable cryogenic equipment worldwide,” said the Chief Executive Officer (CEO) of INOX India Ltd, Deepak Acharya, on Thursday.
INOX India Ltd is among the top cryogenic technology solution providers in the world and one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases and Cryo-Scientific applications.
Its key strength lies in design engineering, manufacturing, supply and commissioning of Cryogenic turnkey packaged systems.
Shares of INOX India surged 5.6% on Thursday, recording an intraday high of ₹1,038.25 per piece on the BSE. The stock ended 2% higher at ₹1,003 per piece on the stock exchange.
(Edited by : Poonam Behura)
First Published: Mar 6, 2025 3:39 pm IS
