Inox India Share Price

Inox India Ltd

Inox India Limited, originally known as Baroda Oxygen Limited, was established in Gujarat in 1976 as a public limited company, with the Certificate of Incorporation issued on December 21, 1976, by the Registrar of Companies (RoC). The company received its Certificate of Commencement of Business from the RoC on April 18, 1979. Over the decades, Inox India has evolved into a globally recognized leader in the field of cryogenic technology, which includes the design, engineering, manufacturing, and installation of state-of-the-art equipment and systems for cryogenic conditions.

Inox India’s journey of transformation began when the company changed its name from Baroda Oxygen Limited to Inox India Limited in March 1987, marking the start of a new era in the company’s history. This rebranding was part of the company’s expansion plans to enhance its presence in the cryogenic equipment industry, particularly in industrial gases, LNG, and cryogenic solutions. However, in 2015, the company took another significant step when it converted from a public limited company to a private limited company, and it was renamed Inox India Private Limited. Later, on July 14, 2022, Inox India underwent a reconversion back into a public company, with a fresh Certificate of Incorporation issued by the RoC, marking yet another milestone in its growth trajectory.

Manufacturing Facilities and Global Presence

Inox India is known for its cutting-edge manufacturing facilities, which are strategically located in three key areas across India. The company operates its primary production units at Kalol in Gujarat, the Kandla Special Economic Zone (KSEZ) in Gujarat, and Silvassa in the Union Territory of Dadra and Nagar Haveli. These facilities play a crucial role in enabling Inox India to cater to a diverse range of industries that require high-quality cryogenic equipment and systems.

The company's expertise spans various sectors, including industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals, fertilizers, aviation, aerospace, and construction. Inox India is particularly well-regarded for its work in the development of cryogenic equipment for scientific research, which is used in global research projects. The company has successfully built a solid reputation for delivering reliable and innovative solutions across these industries, driven by its experience and deep technical expertise.

Inox India’s operations are organized into three key business divisions: Industrial Gas, LNG, and Cryo Scientific. The Industrial Gas division is a leader in the design, manufacturing, and installation of cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen, oxygen, nitrogen, argon, and carbon dioxide. The company also provides aftersales services for these installations. The LNG division is engaged in manufacturing and supplying equipment for LNG storage, distribution, and transportation, offering engineered solutions for small-scale LNG infrastructure suitable for industrial, marine, and automotive applications. The Cryo Scientific division focuses on developing advanced cryogenic equipment used in scientific and industrial research, often providing turnkey solutions for technology-intensive applications in cryogenic distribution.

Inox India’s Contributions to the Cryogenic Industry

Inox India has consistently been at the forefront of cryogenic technology innovations. One of the company's notable achievements was being the first Indian company to manufacture a hydrogen transport tank, a project that was developed in collaboration with the Indian Space Research Organisation (ISRO). This partnership demonstrated Inox India’s technical prowess and cemented its position as a leader in the development of specialized cryogenic storage solutions. In 2019, Inox India made headlines when it shipped four 311kl liquid hydrogen storage tanks to South Korea for a liquid hydrogen plant project, showcasing the company’s capability to manufacture large-scale cryogenic storage systems for global markets.

Inox India’s success is also built on a series of key strategic expansions and projects that have significantly contributed to its growth. For instance, in 1993, the company took a pivotal step in the development of cryogenic tanks. It merged Refron Cylinders Limited with its operations in 2007, acquiring a gas cylinder unit in Silvassa. This acquisition expanded its capacity to manufacture a wide range of cryogenic products. Moreover, Inox India played a critical role in supporting major industrial players by setting up an Air Separation Unit at the Bokaro Steel Plant in India. The company’s expansion continued with the opening of a new facility at the Kandla Special Economic Zone in Gujarat, which helped bolster its manufacturing capabilities and reach.

In recent years, Inox India has also made substantial inroads into the LNG and CNG sectors. In 2015, the company supplied LNG fuel gas tanks to a marine gas engineering company for a project in Germany. This was followed by the commissioning of an LNG dispensing station in Dahej, Gujarat, as well as the installation of 750-cubic-meter LNG double-walled vacuum-insulated cargo tanks for a company in Norway. These projects have helped Inox India enhance its international presence and position itself as a global player in the LNG sector. The company’s latest achievements include the design and manufacture of semi-trailer tanks with running gear and pumps, further demonstrating its engineering capabilities and commitment to innovation.

A Look at the company’s Market Presence

Inox India’s strong reputation, backed by its technological advancements and consistent track record of delivering high-quality cryogenic solutions, has made it a well-regarded entity in the market. As the company continues to expand its operations and build on its legacy of innovation, many investors are closely monitoring Inox India share price trends as an indicator of its financial health and market performance. The company’s market positioning, especially in the fields of industrial gases, LNG, and cryogenic systems for scientific research, places it in a favorable position for future growth, potentially leading to increased shareholder value. As Inox India strengthens its footprint globally and continues to innovate, the outlook for its share price remains optimistic.

Sustainability and Future Outlook

Inox India is also at the forefront of sustainable technology, particularly in the growing field of green hydrogen. The company’s involvement in manufacturing cryogenic tanks for green hydrogen storage aligns with global trends toward clean energy solutions. This strategic shift reflects Inox India’s commitment to not just technological excellence but also to contributing to environmental sustainability. The green hydrogen industry is expected to grow significantly in the coming decades, and Inox India’s early investments in this sector put it in an advantageous position to benefit from this trend.

Quick overview

Inox India Limited’s rich history, technological innovations, and strategic expansion have helped it emerge as one of the global leaders in the cryogenic equipment industry. From its beginnings as Baroda Oxygen Limited in 1976 to its recent reconversion into a public company, Inox India has consistently been a trailblazer in cryogenic solutions, serving a wide range of industries, including industrial gases, LNG, and scientific research. With its state-of-the-art manufacturing facilities, diverse business divisions, and commitment to sustainability, Inox India is well-positioned to continue its growth and success in the years to come. As the company looks to the future, the ongoing monitoring of Inox India share price will be an important factor for investors seeking to capitalize on the company’s continued growth and technological advancements in the global cryogenic sector.