Cryogenic technology solution providers, has secured orders worth Rs 190 crore; Stock Price Soared by more than 4 per cent on Thursday!
The company has a market cap of Rs 9,323Â crore and has a good return on equity (ROE) track record: 3 Years ROE 30.6 per cent. Investors should keep an eye on this mid-cap stock.
Shares of INOX India Limited jumped by 4.4 per cent on Thursday to Rs 1,027 as the company received a work order as follows:
INOX India Limited (INOXCVA), one of the world’s leading cryogenic technology solution providers, has secured orders worth Rs 190 crore. The orders have been received in the months of January and February of 2025. Besides a large order received from a European university for supply of transferlines, the Company received a minor order for supply of IMO containers for Oxygen, Nitrogen and CO2 to an Australian customer. Other minor orders included the supply of horizontal and vertical LNG and industrial gases storage tanks, vaporizers, and various other specialized cryogenic equipment. The orders will be supplied to clients across Europe, USA and India, further reiterating INOX India’s global footprint.
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Deepak Acharya, Chief Executive Officer - INOX India Limited, said, "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. We are also happy to strengthen our global footprint in this period."
INOXCVA’s current orderbook value for FY25 stands at Rs 1,359 crore. 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.
About the Company
INOX India Limited (INOXCVA) is one of the largest manufacturers of Cryogenic Storage, Regas and Distribution Systems for LNG, Industrial Gases 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 the design engineering, manufacturing, supply and commissioning of Cryogenic turnkey packaged systems
The company has a market cap of Rs 9,323 crore and has a good return on equity (ROE) track record: 3 Years ROE 30.6 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.