INOX India Limited has received multiple orders worth ₹373 crore in the current financial year so far across all the business segments of Industrial Gas, Cryo-scientific Solutions, LNG and Beverage Kegs.
On Tuesday, INOX India announced that it has received multiple orders across its cryogenic solutions, industrial gas and LNG Segments. As of 2:27 pm IST, INOX India's share price was trading at ₹1,185, up by 0.12%
On a year-to-date basis, the stock has surged by 6.99%, while in the last 12 months it is down by 12.35%.
INOX India Limited (INOX), a prominent global provider of cryogenic technology solutions, has announced securing multiple orders totalling ₹373 Crore in the current financial year. These orders span across all the business segments of Industrial Gas, Cryo-scientific Solutions, LNG and Beverage Kegs.
The breakdown of the orders highlights significant contributions from various segments: the Cryo-scientific Solutions segment accounted for ₹151 Crore, the Industrial Gas segment brought in ₹141 Crore, and the LNG segment secured ₹71 Crore. This influx of orders reinforces the trust that both global and domestic customers place in INOX India's capabilities and innovative solutions.
Among the notable contracts, INOX India has secured a 'Major' contract from ITER for the repair of Cryostat Thermal Shield. Additionally, the company received numerous 'Large' and 'Minor' orders for the supply of LNG storage tanks, Industrial Gas storage tanks, transport tanks, dispensers, and disposable cylinders. A 'Minor' order was also secured for the supply of Beverage Kegs to a customer in Germany.
INOX India’s order book as on March 31, 2025, was ₹1,356 crores, with 47% from industrial gas, 36% from LNG and 17% from Cryo Scientific Division. Exports comprised 64% of our total order backlog.
Commenting on the orders received, Deepak Acharya, Chief Executive Officer - INOX India Limited, said, “These orders reinforce our position as a trusted global partner for critical cryogenic solutions. Besides our growing presence across segments and markets, we are equally excited about the growing applications and use-cases for cryogenic solutions, especially in the clean energy space. The positive impact created by our solutions inspires us to raise the bar of cryogenic excellence. We remain committed to delivering high-quality and innovative cryogenic equipment to customers worldwide.”
In the quarter ending March 2025, the company reported the highest ever year-on-year increase in its financial performance. Revenue from operations rose sharply to ₹883 crore from ₹288 crore in the same quarter of the previous year, marking a 206.60% growth. Profit after tax also saw a notable rise, climbing to ₹66 crore from ₹42 crore, reflecting a 57.14% increase.
For the full financial year ending March 2025, the company’s revenue from operations reached ₹1,354 crore (Highest ever), up from ₹1,165 crore in the previous year, registering an annual growth of 16.22%. The profit after tax for the year stood at ₹224 crore (Highest ever), compared to ₹194 crore in FY24, resulting in a 15.46% year-on-year growth.
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 with a reputation and a vision to deliver a significantly higher value to its consumers.
Disclaimer: The article is for informational purposes only and not investment advice.
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