Latest news with #INOXIndia
Mint
13 hours ago
- Business
- Mint
INOX India share price recovers from today's low after receipt of orders worth ₹373 crore
Shares of INOX India rebounded from day's low to trade marginally higher following the announcement of multiple order wins worth ₹ 373 crore. The stock of the technology solutions firm also defied the weak sentiment in the Indian stock market today amid Middle East tensions and ahead of the US Federal Reserve outcome later this week. INOX India in an exchange filing today said that it has received orders worth ₹ 373 crore in the current fiscal 2025-26 (FY26) so far. These orders span across business segments of industrial gas, cryo-scientific solutions, LNG and Beverage Kegs. The order split includes ₹ 151 crore in the cryo-scientific solutions segment, ₹ 141 crore in the industrial gas segment, and ₹ 71 crore in the LNG segment. INOX Wind said that it has secured a 'major' contract from ITER for the repair of Cryostat Thermal Shield. A major order is worth ₹ 100-150 crore. 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.' Following the order win update, INOX India stock rebounded from day's low, rising to a high of ₹ 1219.95 apiece. As of 2.40 pm, INOX India share price was trading at ₹ 1186, up 0.29%. At the same time, the BSE Sensex was down 0.3% at 81,560 level. In the last one year, Inox Wind stock has lost nearly 12%< However, on a year-to-date and three-month basis, its stock performance has been encouraging, with the scrip gaining as much as 7% and 21%, respectively.
Mint
15 hours ago
- Business
- Mint
INOX India share price recovers from today's low after receipt of orders worth ₹373 crore
Shares of INOX India rebounded from day's low to trade marginally higher following the announcement of multiple order wins worth ₹ 373 crore. The stock of the technology solutions firm also defied the weak sentiment in the Indian stock market today amid Middle East tensions and ahead of the US Federal Reserve outcome later this week. INOX India in an exchange filing today said that it has received orders worth ₹ 373 crore in the current fiscal 2025-26 (FY26) so far. These orders span across business segments of industrial gas, cryo-scientific solutions, LNG and Beverage Kegs. The order split includes ₹ 151 crore in the cryo-scientific solutions segment, ₹ 141 crore in the industrial gas segment, and ₹ 71 crore in the LNG segment. INOX Wind said that it has secured a 'major' contract from ITER for the repair of Cryostat Thermal Shield. A major order is worth ₹ 100-150 crore. 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.' Following the order win update, INOX India stock rebounded from day's low, rising to a high of ₹ 1219.95 apiece. As of 2.40 pm, INOX India share price was trading at ₹ 1186, up 0.29%. At the same time, the BSE Sensex was down 0.3% at 81,560 level. In the last one year, Inox Wind stock has lost nearly 12%< However, on a year-to-date and three-month basis, its stock performance has been encouraging, with the scrip gaining as much as 7% and 21%, respectively. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
15 hours ago
- Business
- Business Standard
Inox India share price rises 3% on securing multiple orders worth ₹373 cr
Inox India share price: Cryogenic technology solution provider Inox India share price rose as much as 3.15 per cent to hit an intraday high of ₹1,219.95 per share on Tuesday, June 17, 2025. At 12:10 PM, Inox India share price was trading 0.62 per cent higher at ₹1,189.90 per share. In comparison, BSE Sensex was trading 0.28 per cent lower at 81,567.80 levels. Why did Inox India share price rise in trade today? Inox India share price gained after the company announced that it has secured multiple orders worth ₹373 crore so far in the current financial year, spanning all key business segments—Industrial Gas, Cryo-scientific Solutions, LNG, and Beverage Kegs. The order breakdown includes ₹151 crore in Cryo-scientific Solutions, ₹141 crore in Industrial Gas, and ₹71 crore in the LNG segment. 'These orders reflect continued trust from global and domestic customers in INOX India's advanced cryogenic systems and capabilities,' Inox India said. The company has bagged a 'Major' contract from ITER for repairs to the Cryostat Thermal Shield. It has also received several 'Large' and 'Minor' orders for LNG storage tanks, industrial gas storage tanks, transport tanks, dispensers, and disposable cylinders. Additionally, Inox India secured a 'Minor' order from a German customer for the supply of beverage kegs. The order classification by value includes minor (₹10–30 crore), large (₹30–60 crore), significant (₹60–100 crore), major (₹100–150 crore), and mega (above ₹150 crore). '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,' said Deepak Acharya, chief executive officer, Inox India. About Inox India Inox India is a global leader in the manufacturing of cryogenic storage, regasification, and distribution systems for LNG, industrial gases, liquid hydrogen, and cryo-scientific applications. With a strong presence across India, Brazil, and Europe, the company serves a vast customer base in over 100 countries. Its robust network of after-sales support associates spans 25 countries, ensuring reliable service and support worldwide. It also plays a pivotal role in advancing India's transition to LNG for industrial and automotive use. The company is recognised for its expertise in design engineering, manufacturing, and delivery of turnkey cryogenic packaged systems.
