INOX India Ltd secures multiple orders worth ₹190 Cr

INOX India Limited (INOXCVA), one of the world's leading cryogenic technology solution providers, has secured orders worth ₹ 190 Cr. 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, 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.

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 ₹ 1359 Cr. 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.

Shares of INOX India Limited was last trading in BSE at Rs. 1026.95 as compared to the previous close of Rs. 983.25. The total number of shares traded during the day was 40254 in over 2375 trades.

The stock hit an intraday high of Rs. 1041.05 and intraday low of 984.85. The net turnover during the day was Rs. 40801263.00.

Source : Equity Bulls

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INOXIndia INE616N01034 IndustrialProducts INOXCVA OrderWin