Inox India Ltd announced on June 17 that it has successfully secured orders totaling ₹373 crore for the current financial year. The company, which specializes in cryogenic technology solutions, highlighted that these orders span across various business sectors, including industrial gases, cryo-scientific solutions, LNG, and beverage kegs. This marks a significant achievement in Inox India’s continued expansion and diverse offerings.
The breakdown of the orders reveals ₹151 crore in the cryo-scientific solutions segment, ₹141 crore in industrial gases, and ₹71 crore in the LNG sector. Inox India has been focusing on key infrastructure such as LNG storage tanks, industrial gas storage units, transport tanks, dispensers, and disposable cylinders. CEO Deepak Acharya emphasized that these orders reinforce the company’s status as a trusted global partner for critical cryogenic technologies.
Acharya also expressed enthusiasm about the increasing applications of cryogenic solutions, particularly in the clean energy sector. He pointed out that Inox India’s expanding presence across various segments and markets positions the company well to tap into emerging opportunities in this growing field. The company continues to explore new areas where its solutions can make a significant impact.
In November of the previous year, Inox India secured an order to build a mini LNG terminal in the Bahamas, further expanding its international footprint and capabilities in the LNG space. This recent string of orders further strengthens the company’s standing in the global market for cryogenic and energy-related solutions.
For the fourth quarter, Inox India reported a strong financial performance, with a 34% increase in revenue, reaching ₹369.4 crore. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also saw a robust growth of 53%, reaching ₹81.6 crore. Net profit for the quarter surged by 49%, amounting to ₹49.9 crore, reflecting the company’s solid operational efficiency and continued demand for its products and services.
INOX India Limited is a leading manufacturer of Cryogenic Storage, Re-gas, and Distribution Systems for LNG, Industrial Gases, and Cryo-Scientific applications, with operations in India, Brazil, and Europe. The company serves a diverse global customer base across more than 100 countries, supported by after-sales teams in 25 countries. INOX India is at the forefront of promoting LNG adoption for industrial and automotive purposes in India. The company excels in the design, engineering, and manufacturing of Cryogenic turnkey packaged systems, aiming to deliver exceptional value to its customers.
