Inox India Ltd

Inox India Ltd Share Price

Inox India Limited was founded as 'Baroda Oxygen Limited' in Gujarat on December 21, 1976. The company got a Certificate of Commencement of Business on April 18, 1979. On March 23, 1987, the company's name was changed from 'Baroda Oxygen Limited' to 'INOX India Limited'. Following its re-conversion into a Public Company, its name was changed to 'INOX India Limited'. So you can find Inox India share price NSE & BSE.

Core Business Activities of Inox India

Inox India is a well-known manufacturer of cryogenic equipment. With over 30 years of experience, they specialise in designing, engineering, manufacturing, and installing cryogenic equipment and systems for industries including industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilisers, aviation and aerospace, and construction. In addition, the company manufactures various cryogenic equipment used in global scientific research initiatives. Checkout share price of Inox India with BlinkX for more 

Inox India has three production sites:

1. Kalol, Gujarat
2. Kandla Special Economic Zone in Gujarat
3. Silvassa, Union Territory of Dadra and Nagar Haveli. 

Business Segments of Inox India

Investors are interested in Inox India share price due to its wide range of business segments. The company has three main divisions.

Industrial Gas:

The Industrial Gas business develops, supplies, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases such as green hydrogen, oxygen, nitrogen, argon, carbon dioxide (CO2), and hydrogen. It also offers after-sales services.

LNG:

The LNG business produces, delivers, and installs standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions appropriate for industrial, maritime, and automotive applications.

Cryo Scientific:

The Cryo Scientific branch supplies equipment for technology-intensive applications as well as turnkey solutions for scientific and industrial research using cryogenic distribution.

Milestones of Inox India

• Inox India was the first Indian business to produce a hydrogen transport tank, which was built in collaboration with the Indian Space Research Organisation. 
• It delivered a 238kl liquid hydrogen storage tank to a liquid hydrogen factory in South Korea. It also manufactured and supplied four 311kl liquid hydrogen storage tanks to South Korea for building three liquid hydrogen facilities.
• In 1993, the company presented a project to manufacture cryogenic tanks. 
• After combining with Refron Cylinders Limited in 2007, the company bought a gas cylinder facility in Silvassa. 
• It established an Air Separation Unit at the Bokaro Steel Plant in India before expanding to a new plant in Gujarat's Kandla Special Economic Zone.
• In 2015, it produced and provided LNG fuel gas tanks to a maritime gas engineering firm for a project in Germany.
• During 2019-20, the firm commissioned a CNG cascade filling facility in Nagpur, Maharashtra, and an LNG dispensing station in Dahej, Gujarat. It also erected 750 cubic metres of LNG double-walled and vacuum-insulated cargo tanks for a Norwegian company. 

Over time, these achievements have enhanced the firm's reputation, which played a significant role in increasing the Inox India limited share price. 

Corporate Actions of Inox India

The company proposes to sell up to 22,110,955 equity shares. This may impact the overall value of its shares. You can track the Inox India Limited share price live on BlinkX.