About the Company

Incorporated on December 21, 1976, INOX India Limited is a leading global manufacturer of vacuum insulated cryogenic equipment, providing end-to-end solutions from design and engineering to manufacturing, delivery and turnkey integration . The INOXCVA business was founded in 1992 by Mr. Pawan Kumar Jain to make India self-reliant in advanced cryogenic tanks and solutions . The company’s portfolio spans standardised and bespoke equipment for the storage, transportation and handling of cryogens across a wide temperature range, covering gases such as Helium, Hydrogen, Nitrogen, Oxygen, Argon, CO2, N2O, LNG and Ethylene . Solutions include small- and large-format stationary tanks, micro-bulk units, transport trailers, cryo-bio tanks, cryolines, regasification equipment and complete LNG/LCNG infrastructure packages .

INOX India serves multiple industries, including industrial gases, LNG, hydrogen, healthcare and life sciences, pharmaceuticals, power and utilities, steel and mining, fertilisers and chemicals, electronics, aviation and aerospace, and oil and gas . Its footprint includes 4 plants and 1 office in India, and 1 plant and 1 office overseas; the company operates across 25 Indian states and 52 countries . As on March 31, 2025, it has two subsidiaries .

Key milestones include:

– 1993: Technical collaboration with Nippon Sanso, Japan, for cryogenic vessels and vacuum insulated tanks .

– 2005: Designed and commissioned cryo propellant storage and servicing systems for space research (Satellite Launch Pad) .

– 2010: Supplied 15 m3 Liquid Hydrogen tanks to ISRO’s launch facility .

– 2014: Order to manufacture multi-process cryolines for ITER, France .

– 2019: Commissioned India’s first LNG dispensing station; installed a 2 x 1,000 m3 mini LNG terminal in Scotland, UK .

– 2021–2023: Completed ITER cryolines; dispatched 238 m3 and 4 x 311 m3 LH2 tanks to Korea; broke ground for India’s largest cryogenic equipment manufacturing facility; listed on India’s stock exchanges .

– 2024: Secured the Bahamas mini-LNG terminal order and a landmark LAES tanks contract for Highview Power, UK; received FSSC22000 certification for kegs .

Business Segments

[Section omitted as separate percentage disclosure for domestic vs. international revenue is not available in the Annual Report.]

Key Management

– Pavan Kumar Jain – Chairman & Non-Executive Director

– Deepak Acharya – Chief Executive Officer

– Pavan Logar – Chief Financial Officer

– Parag Kulkarni – Executive Director

– Jaymeen Patel – Company Secretary

Latest Updates

– Won a turnkey order for a mini-LNG receiving and regasification terminal in The Bahamas, featuring 10 x 1,500 m3 LNG storage tanks and a regasification system; this is described as the world’s largest installation of shop-built, double-walled, vacuum-insulated cryogenic tanks for such an application .

– Secured an order to supply 5 x 690 KL cryogenic storage tanks for the world’s first commercial-scale Liquid Air Energy Storage facility at Carrington, Manchester, for Highview Power, UK .

– Became the first Indian company to receive IATF 16949 certification for Cryogenic Fuel Tanks, underscoring adherence to automotive OEM quality standards .

– Reported strong international traction: significant orders and deliveries included a 288 m3 Ammonia tank for the Middle East; an EPC package for ARAMCO in Saudi Arabia; a 2 KL Liquid Hydrogen tank order from New Zealand; Liquid Nitrous Oxide semi-trailers; and the largest LCO2 storage tank for an overseas customer. The company also commissioned its first Liquid H2 tanks in South Korea for mobility applications  .

– Expanded capacity with a state-of-the-art “Cryo Shop” at the Savli facility, comprising four new shops equipped with advanced welding, vacuum and material handling systems .