Cryogenic OGS Wins Hyundai E&C Supply Contract

Cryogenic OGS has secured a supply contract from Hyundai Engineering & Construction Co. (Hyundai E&C), Republic of Korea, for the Common Seawater Supply Project in Basrah, Iraq. Key Contract Details Contract Value: $35,700 (approximately ₹33.8 lakh), excluding VAT Scope: Design, engineering, manufacturing, testing and delivery of Air Eliminators Equipment: Multiple sets of Air Eliminators with flame arrestors, ASME Code stamping and commissioning spares Delivery Deadline: June 30, 2027 Delivery Terms: FOB international port Why This Matters This is Cryogenic OGS’s first order for ASME ‘U’ stamped equipment. The certification mark applies to pressure vessels built under Section VIII, Division 1 of the ASME Boiler and Pressure Vessel Code. Although the contract value is modest, the order provides the company with an international EPC contractor reference for code-stamped equipment and may support future opportunities in this segment. Investor takeaway: A strategically relevant international order, but its direct financial impact is limited given the contract size. Future order wins and execution will be key to monitor. This post is for educational purposes only and is not investment advice.