INOX India Ltd, a leader in cryogenic technology, announced on Monday, November 11, that it has secured a significant order to design, engineer, and supply a mini liquefied natural gas (LNG) terminal for a power plant project in The Bahamas. This order, awarded by Island Power Producers Ltd. (IPP), is the largest in the company’s history.
Project Highlights
- Scope: The project involves INOX India’s supply of ten 1,500 cubic meter vacuum-insulated cryogenic storage tanks along with a regasification system.
- Location: Arawak Cay, near Nassau Cruise Port, Bahamas.
- Purpose: To support IPP’s 60 MW combined-cycle power plant, which will provide sustainable shore power for cruise ships.
Key Facts
- Storage Capacity: The facility will hold a total LNG storage capacity of 15,000 cubic meters, making it the largest installation of shop-built, double-walled vacuum-insulated cryogenic tanks globally.
- Strategic Significance: This installation represents a model for energy generation and LNG distribution in remote locations, further establishing INOX India as a key player in the cryogenic and LNG sectors.
As of 9:51 am, INOX India’s shares were trading 1.36% higher at ₹1,199.30 on the NSE, reflecting investor optimism about the company’s growth in the LNG infrastructure space.
Disclaimer: This information is for informational purposes only and should not be considered financial or investment advice.
