INOX India Limited has secured orders worth ₹322 crore since April 2026, marking a strong start to FY27 across its Industrial Gas, LNG, and Cryo-scientific Solutions segments — with the order book headlined by a Mega order from a global private space exploration company for large-scale cryogenic storage tanks of 1,500 cubic metre capacity.
Order breakdown
The ₹322 crore total splits across three business segments. Industrial Gas accounts for the largest share at ₹242 crore, driven primarily by the Mega space exploration order — classified as above ₹150 crore in INOX India’s internal order classification system — alongside Minor orders for IMO tanks and liquid cylinders. The LNG segment contributed ₹39 crore through multiple Minor orders for LNG Semi Trailers and Dispensers. Cryo-scientific Solutions added ₹38 crore, anchored by a Large order from CERN — the European Organisation for Nuclear Research — for cryogenic modules, alongside several lower-value orders.
The space exploration angle
The Mega order from an unnamed global private space exploration company for 1,500 cubic metre cryogenic storage tanks is the standout win. Cryogenic tanks of this scale are used to store liquid oxygen, liquid nitrogen, or liquid hydrogen for rocket propulsion systems — making this order a direct play on the global commercial space industry’s accelerating infrastructure buildout. Private space companies including those operating launch facilities globally require large-volume cryogenic storage as a fundamental component of their ground support equipment. INOX India’s ability to win this order against global competition validates its engineering credentials in the most technically demanding segment of cryogenic applications.
CERN order: Scientific credibility at the highest level
The Large order from CERN for cryogenic modules adds a different dimension of credibility. CERN — which operates the Large Hadron Collider and related particle physics infrastructure — is among the world’s most demanding customers for precision cryogenic equipment. Its systems operate at temperatures approaching absolute zero, requiring engineering tolerances that very few manufacturers globally can meet. An order from CERN is as much a quality validation as it is a revenue event.
Management commentary
CEO Deepak Acharya described the Q1 FY27 order intake as “an excellent beginning to FY27” that provides “clear forward visibility on growth.” He highlighted the healthy product mix — spanning space, scientific, LNG, and industrial gas applications — as evidence of “consistent demand for high-quality cryogenic solutions across industries and geographies.”
About INOX India
INOX India Limited is one of the world’s largest manufacturers of cryogenic storage, re-gas, and distribution systems for LNG, industrial gases, liquid hydrogen, and cryo-scientific applications. The Vadodara-based company operates across India, Brazil, and Europe, serves customers in over 100 countries, and maintains after-sales support associates in 25 countries. It is listed on BSE (scrip code 544046) and NSE (symbol INOXINDIA).
This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.