en.Wedoany.com Reported - INOX India Limited has made a strong start to the first quarter of FY2027, which began in April 2026, with its Industrial Gases, Liquefied Natural Gas (LNG), and Cryogenic Scientific Solutions businesses cumulatively securing new orders worth INR 3.22 billion.
The Industrial Gases segment led with orders valued at INR 2.42 billion, while the LNG business and Cryogenic Scientific Solutions recorded INR 390 million and INR 380 million respectively, along with several smaller contracts. The company noted that this order portfolio reflects sustained demand for advanced cryogenic systems in both domestic and international markets.
In the Industrial Gases sector, a "mega" order from a global private space exploration company stands out, involving a large cryogenic storage tank with a capacity of 1,500 cubic meters. This segment also includes "small" orders for IMO tanks and liquid cylinders.
In the LNG business, INOX India Limited secured multiple small contracts for semi-trailers and dispensers. The Cryogenic Scientific division received several orders, including a "large" contract for cryogenic modules from the European Organization for Nuclear Research (CERN) and other lower-value projects.
Commenting on this development, Deepak Acharya, CEO of INOX India Limited, stated: "As of the first quarter, these orders mark a good start to FY27 and provide clear growth visibility. The healthy product mix within these orders demonstrates sustained demand for high-quality cryogenic solutions across various industries and regions."
The robust order backlog reinforces the company's significant position in the global cryogenic engineering sector, with its services spanning space exploration, industrial gases, LNG infrastructure, and scientific research, among other fields.
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