INOX India Ltd Secures Multiple Orders Worth ₹322 Crore, Driven by Cryogenic Business
Vadodara, May 21, 2026: INOX India Limited, a leading cryogenic technology solution provider, announced it has received orders totaling ₹322 Crore since April 2026. The order intake spans multiple business segments, including Industrial Gas, Cryo-scientific Solutions, and LNG, underscoring continued confidence in the company’s cryogenic capabilities.The total order value is broken down into three main segments: ₹242 Crore in the Industrial Gas segment, ₹39 Crore in the LNG segment, and ₹38 Crore in the Cryo-scientific Solutions segment, in addition to other orders.
The company's order book received a significant boost from a 'Mega' order within the Industrial Gas segment. This large order originates from a global private space exploration company and is for large-scale cryogenic storage tanks with a 1,500 m³ capacity.
Beyond this Mega order, the Industrial Gas segment also secured 'Minor' orders for supplies of IMO tanks and liquid cylinders. Additionally, INOX India Ltd received multiple 'Minor' orders for LNG Semi Trailers and Dispensers. The company also received a 'Large' order from CERN for cryogenic modules, alongside several other lower value orders.
Commenting on the recent business developments, Deepak Acharya, Chief Executive Officer - INOX India Limited, stated, "These orders received in Q1 so far mark an excellent beginning to FY27, and provide clear forward visibility on growth. The healthy product mix in these orders received showcase the consistent demand for high-quality cryogenic solutions across industries and geographies."
For context, the company provided a classification of order sizes:
| Classification | Minor | Large | Significant | Major | Mega |
|---|---|---|---|---|---|
| Value in ₹ Cr | 10 to 30 | 30 to 60 | 60 to 100 | 100 to 150 | Above 150 |
INOX India Limited is positioned as one of the largest manufacturers of Cryogenic Storage, Re-gas and Distribution Systems for LNG, Industrial Gases, Liquid Hydrogen, and Cryo-Scientific applications. The company maintains operations across India, Brazil, and Europe. INOX India Limited services an extensive user base spread across more than 100 countries and operates through a network of after-sales support associates in 25 countries. The firm is also noted for leading India's efforts in the adoption of LNG for industrial and automotive purposes. The company’s core strength lies in design engineering, manufacturing, supply, and commissioning of Cryogenic turnkey packaged systems.
INOXINDIA Stock Price Movement
Shares of INOX India Limited are rallying to ₹1475.5 as of 11:18 AM, gaining 1.81% in live trading. This positive momentum is supported by brisk activity, with the stock seeing a total volume of 113,053 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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