INOX India’s Cryogenic Expansion Into New Markets

INOX India (

) is expanding beyond its traditional cryogenic storage business as demand grows across industrial gases, LNG, aerospace and semiconductor infrastructure. Q1 FY27 revenue stood at ₹382 crore, while PAT was ₹61 crore. More importantly, the company secured ₹532 crore of order inflows, taking its order book to a record ₹1,686 crore. Exports contributed 58% of revenue, with export orders exceeding ₹1,140 crore. The interesting part is where the new orders are coming from. INOX India secured orders for large cryogenic storage tanks from the space exploration industry and entered the semiconductor infrastructure space with transportation tanks for semiconductor manufacturing facilities in Dholera. It has also received AS9100D aerospace quality certification, expanding its addressable aerospace market. The company is therefore moving into applications where cryogenic technology is becoming increasingly important, while its existing LNG and industrial gas businesses continue to provide a broader base.