INOX India Limited
1,919.70
INR
-10.40
(-0.54%)
ISIN
INE616N01034
Return %
Stock
S&P 500
1Y
60.58
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Deepak Acharya
- Full Time Employees
- 1,565
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- K P Platina Vadodara GJ India 390007
- IPO Date
- Jan 21, 2023
- Website
- inoxcva.com
- Similar Companies
- Business
- INOX India Limited engages in the design, engineering, manufacture, and supply of vacuum insulated cryogenic equipment, specializing in cryogenic liquid storage and transportation tanks for industrial gases including liquefied natural gas (LNG) and other cryogens. The company’s core products encompass vacuum insulated storage tanks, ISO containers, cryogenic transportation tanks, and specialized containers such as ultra-high-purity (UHP) ammonia ISO tank containers. INOX India serves key industries including industrial gases, energy, semiconductor manufacturing, and renewable energy sectors. Founded in 1976 and headquartered in Vadodara, Gujarat, the company operates primarily within India but with a global clientele base. Recent major developments include the launch of India’s first UHP ammonia T-50 ISO tank container designed to enhance semiconductor and solar panel manufacturing ecosystems globally, reflecting the company’s ongoing commitment to innovation and engineering excellence. INOX India entered a strategic preferred partner agreement with Adani Total Gas in 2024 to support and strengthen the country’s LNG ecosystem with LNG and LCNG equipment and services. The company also collaborates internationally, notably partnering with Highview Power on pioneering liquid air energy storage projects. Additionally, INOX India is expanding in the renewable energy segment through its group company Inox Clean Energy, which is scaling capacity via acquisitions such as the recent purchase of 650 MW renewable projects from Evergreen and the acquisition of Skypower Solar India, a 50 MW solar power asset. INOX India Limited is part of the INOX Group, a diversified conglomerate with significant interests in industrial and medical gases, cryogenic engineering, LNG storage and distribution, and multiplex cinemas in India. The company was originally incorporated as Baroda Oxygen Limited in 1976, later renamed INOX India Limited in 2022 following its reconversion to a public company and issuance of a fresh certificate of incorporation. It is recognized as one of the world’s leading manufacturers in the cryogenic equipment field known for its engineering capability and product quality. INOX India targets industrial gas companies, semiconductor manufacturers, renewable energy developers, and infrastructure companies as its primary customer segments. The INOX India Limited product portfolio includes vacuum insulated cryogenic storage tanks; LNG storage and transport tanks; ultra-high-purity ammonia ISO tank containers; standard and customized cryogenic equipment for gas storage, distribution, and transfer; and related engineering services. The company’s focus on emerging technology areas such as ultra-high-purity tank containers and collaboration on energy storage solutions highlight its strategic shift towards advanced industrial and clean energy markets. INOX India leverages cutting-edge technology and strategic partnerships to expand its market footprint and evolve its product offerings in response to global energy transition demands.