Rs 939 Crore Orders: Cryogenic Equipment Company Bags Mega Space Exploration Contract; Share Price Jumps 3%
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INOX India Limited has secured Rs 939 crore in new orders since May 21, led by a mega industrial gas contract from the space sector, strengthening its order book across core cryogenic businesses.
✨ Key Takeaways
On Wednesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining to 24,280.90. Amid the broader market weakness, INOX India (INOXCVA) share price jumps 3.4 per cent after the company announced that it had secured orders worth Rs 939 crore since May 21, 2026, strengthening its order pipeline across multiple business verticals.
INOX India Bags Rs 939 Crore Orders
INOX India announced that it has secured cumulative orders worth Rs 939 crore across its Industrial Gas (IG), LNG and Cryo-scientific Solutions segments. Of the total order inflows, the Industrial Gas business contributed Rs 871 crore, followed by Rs 44 crore from the LNG segment and Rs 16 crore from the Cryo-scientific Solutions business. The company also received Beverage Keg orders worth Rs 8 crore during the period.
Mega Space Exploration Order Boosts Order Book
A key highlight of the order inflows was a Mega order in the Industrial Gas business from the space exploration industry. Under the company's order classification framework, Mega orders are contracts valued at above Rs 150 crore. Besides this, the company secured multiple Minor orders for vaporisers and storage tanks in the Industrial Gas segment.
In the LNG business, INOX India received multiple orders for storage tanks, dispensers, semi-trailers and LNG fuelling station equipment. The Cryo-scientific Solutions segment also secured a Minor order from ITER. Additionally, the company received orders for disposable cylinders, liquid cylinders, transport tanks and beverage kegs, reflecting diversified demand across industrial, energy and advanced technology applications.
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Management Commentary
Commenting on the order wins, Deepak Acharya, Chief Executive Officer, INOX India Limited, said: "These orders reinforce our position as a trusted global partner for mission-critical cryogenic solutions. As we continue to expand our presence across geographies and end-use sectors, we are witnessing strong momentum in the adoption of cryogenic technologies for increasingly sophisticated applications, particularly in the space sector. This growing global confidence in our capabilities motivates us to continually raise the bar on engineering excellence, innovation and execution. We remain committed to delivering world-class cryogenic solutions that enable critical industries and support our customers' evolving ambitions worldwide."
About INOX India
INOX India Ltd is a manufacturer of cryogenic storage, regasification and distribution systems for LNG, industrial gases, liquid hydrogen and cryo-scientific applications. The company operates manufacturing facilities in India, Brazil and Europe and serves customers in more than 100 countries through a global after-sales network.
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Disclaimer: The article is for informational purposes only and not investment advice.