Industrial equipment solutions provider bags new orders worth Rs 1,61,76,148 from Endress and Hauser
DSIJ Intelligence-1Categories: Mindshare, Trending
The shares of the company have an ROE of 24 per cent and an ROCE of 32 per cent.
Cryogenic OGS Limited has secured two new domestic purchase orders from Endress and Hauser, collectively valued at Rs 1,61,26,148 (excluding taxes). The first order, worth Rs 34,26,035, involves supplying various terminal automation products including air eliminators, strainer cum air eliminators, prover tanks, master meter trolleys and additive dosing blocks and skids, along with related spares. The delivery for this order is expected within 14 weeks from the date of the Letter of Intent/Purchase Order/Manufacturing Clearance.
The second, larger order, valued at Rs 1,27,50,113, also focuses on a comprehensive range of terminal automation products. This includes various sizes of air eliminators, additive blocks and skids, master meter trolleys and a wide array of fixed and stainless steel proving tanks (ranging from 0.5KL to 5KL), along with associated spares. This order has a slightly shorter delivery period of 12 weeks from the date of the Letter of Intent/Purchase Order. Both orders highlight Cryogenic OGS Limited's growing presence in terminal automation systems and the continued demand for their products across multiple terminals.
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Earlier, the company secured a significant domestic purchase order from ABB India Limited, valued at ₹1,32,07,858. This landmark order represents a breakthrough for the company, as it's their first time supplying density probes for both above-ground and underground tanks to an end-user, Indian Oil Corporation Limited (IOCL), Mangalore. The contract entails supplying density probes and accessories, with a delivery period of 24-28 weeks.
Cryogenic OGS Ltd (COGSL), an ISO-certified manufacturer incorporated in 1997, specializes in providing equipment and system solutions for metering, filtering, pressure reduction, dosing and blending across the oil, gas, chemical and allied fluid industries. The company's extensive product profile includes chemical dosing skids, various types of strainers and eliminators, gas and liquid metering skids, pressure reduction skids, filtration skids, prover tanks, additive injection panels and batch blending vessels. COGSL operates a manufacturing unit spanning over 8300 square meters in Vadodara, Gujarat.
The company has a market cap of Rs 187 crore and the stock is up over 50 per cent from its 52-week low of Rs 89.30 per share. The shares of the company have an ROE of 24 per cent and an ROCE of 32 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.