INOX India Limited is making waves in the stock market after securing fresh orders worth ₹190 crores. The company's shares jumped 5.13% on Thursday, reaching ₹1,034 per share on the National Stock Exchange (NSE). This boost has pushed its market capitalisation to ₹9,384.95 crores, adding to investor enthusiasm.
New orders strengthen INOX India's market position
The company has bagged a series of new contracts, including a major one from a European institution for specialised cryogenic transfer systems. Additionally, an Australian client has placed an order for IMO containers to transport industrial gases like oxygen, nitrogen, and CO₂.
Alongside these, INOX India has received multiple orders for LNG and industrial gas storage solutions, including vertical and horizontal tanks, vaporisers, and other cryogenic equipment. Larger orders typically range between ₹30 crores and ₹60 crores, while smaller contracts fall between ₹10 crores and ₹30 crores.
The company's leadership sees these orders as a testament to its strong reputation in cryogenic solutions. With increasing demand for clean energy and industrial gas infrastructure, INOX India remains committed to delivering high-quality, innovative equipment while expanding its global footprint. For those exploring share market investment, the company's growing orderbook and global expansion highlight its strong potential in the industrial gas and clean energy sectors.
Strong orderbook and financial growth
With these new contracts, INOX India's orderbook now stands at ₹1,359 crores, reinforcing its strong position in the market. This development is expected to boost investor confidence and attract more interest in share market investment within the cryogenic technology space.
Financially, the company has been on a steady growth path. In the latest quarter, its consolidated profit after tax rose by 20.17%, reaching ₹58.38 crores compared to ₹48.58 crores in the same period last year. Revenue from operations also saw a healthy 14.76% increase, reaching ₹333.62 crores in the third quarter of the current fiscal year, up from ₹290.69 crores a year ago.
On March 6, 2025, at 3:25 PM, INOX India's stock was trading at ₹1,020 per share. With a growing pipeline of orders and solid financial performance, INOX India is strengthening its position in the industry. This positive momentum could make it an attractive choice for share market investment as investors look for stable and high-growth opportunities in the industrial sector.
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