Latest news with #DeepakAcharya
Mint
4 days ago
- Business
- Mint
INOX India share price recovers from today's low after receipt of orders worth ₹373 crore
Shares of INOX India rebounded from day's low to trade marginally higher following the announcement of multiple order wins worth ₹ 373 crore. The stock of the technology solutions firm also defied the weak sentiment in the Indian stock market today amid Middle East tensions and ahead of the US Federal Reserve outcome later this week. INOX India in an exchange filing today said that it has received orders worth ₹ 373 crore in the current fiscal 2025-26 (FY26) so far. These orders span across business segments of industrial gas, cryo-scientific solutions, LNG and Beverage Kegs. The order split includes ₹ 151 crore in the cryo-scientific solutions segment, ₹ 141 crore in the industrial gas segment, and ₹ 71 crore in the LNG segment. INOX Wind said that it has secured a 'major' contract from ITER for the repair of Cryostat Thermal Shield. A major order is worth ₹ 100-150 crore. Commenting on the orders received, Deepak Acharya, Chief Executive Officer, INOX India Limited, said, 'These orders reinforce our position as a trusted global partner for critical cryogenic solutions. Besides our growing presence across segments and markets, we are equally excited about the growing applications and use-cases for cryogenic solutions, especially in the clean energy space. The positive impact created by our solutions, inspires us to raise the bar of cryogenic excellence. We remain committed to delivering high-quality and innovative cryogenic equipment to customers worldwide.' Following the order win update, INOX India stock rebounded from day's low, rising to a high of ₹ 1219.95 apiece. As of 2.40 pm, INOX India share price was trading at ₹ 1186, up 0.29%. At the same time, the BSE Sensex was down 0.3% at 81,560 level. In the last one year, Inox Wind stock has lost nearly 12%< However, on a year-to-date and three-month basis, its stock performance has been encouraging, with the scrip gaining as much as 7% and 21%, respectively.
Mint
4 days ago
- Business
- Mint
INOX India share price recovers from today's low after receipt of orders worth ₹373 crore
Shares of INOX India rebounded from day's low to trade marginally higher following the announcement of multiple order wins worth ₹ 373 crore. The stock of the technology solutions firm also defied the weak sentiment in the Indian stock market today amid Middle East tensions and ahead of the US Federal Reserve outcome later this week. INOX India in an exchange filing today said that it has received orders worth ₹ 373 crore in the current fiscal 2025-26 (FY26) so far. These orders span across business segments of industrial gas, cryo-scientific solutions, LNG and Beverage Kegs. The order split includes ₹ 151 crore in the cryo-scientific solutions segment, ₹ 141 crore in the industrial gas segment, and ₹ 71 crore in the LNG segment. INOX Wind said that it has secured a 'major' contract from ITER for the repair of Cryostat Thermal Shield. A major order is worth ₹ 100-150 crore. Commenting on the orders received, Deepak Acharya, Chief Executive Officer, INOX India Limited, said, 'These orders reinforce our position as a trusted global partner for critical cryogenic solutions. Besides our growing presence across segments and markets, we are equally excited about the growing applications and use-cases for cryogenic solutions, especially in the clean energy space. The positive impact created by our solutions, inspires us to raise the bar of cryogenic excellence. We remain committed to delivering high-quality and innovative cryogenic equipment to customers worldwide.' Following the order win update, INOX India stock rebounded from day's low, rising to a high of ₹ 1219.95 apiece. As of 2.40 pm, INOX India share price was trading at ₹ 1186, up 0.29%. At the same time, the BSE Sensex was down 0.3% at 81,560 level. In the last one year, Inox Wind stock has lost nearly 12%< However, on a year-to-date and three-month basis, its stock performance has been encouraging, with the scrip gaining as much as 7% and 21%, respectively. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
Inox India share price rises 3% on securing multiple orders worth ₹373 cr
Inox India share price: Cryogenic technology solution provider Inox India share price rose as much as 3.15 per cent to hit an intraday high of ₹1,219.95 per share on Tuesday, June 17, 2025. At 12:10 PM, Inox India share price was trading 0.62 per cent higher at ₹1,189.90 per share. In comparison, BSE Sensex was trading 0.28 per cent lower at 81,567.80 levels. Why did Inox India share price rise in trade today? Inox India share price gained after the company announced that it has secured multiple orders worth ₹373 crore so far in the current financial year, spanning all key business segments—Industrial Gas, Cryo-scientific Solutions, LNG, and Beverage Kegs. The order breakdown includes ₹151 crore in Cryo-scientific Solutions, ₹141 crore in Industrial Gas, and ₹71 crore in the LNG segment. 'These orders reflect continued trust from global and domestic customers in INOX India's advanced cryogenic systems and capabilities,' Inox India said. The company has bagged a 'Major' contract from ITER for repairs to the Cryostat Thermal Shield. It has also received several 'Large' and 'Minor' orders for LNG storage tanks, industrial gas storage tanks, transport tanks, dispensers, and disposable cylinders. Additionally, Inox India secured a 'Minor' order from a German customer for the supply of beverage kegs. The order classification by value includes minor (₹10–30 crore), large (₹30–60 crore), significant (₹60–100 crore), major (₹100–150 crore), and mega (above ₹150 crore). 'These orders reinforce our position as a trusted global partner for critical cryogenic solutions. Besides our growing presence across segments and markets, we are equally excited about the growing applications and use-cases for cryogenic solutions, especially in the clean energy space. The positive impact created by our solutions, inspires us to raise the bar of cryogenic excellence. We remain committed to delivering high-quality and innovative cryogenic equipment to customers worldwide,' said Deepak Acharya, chief executive officer, Inox India. About Inox India Inox India is a global leader in the manufacturing of cryogenic storage, regasification, and distribution systems for LNG, industrial gases, liquid hydrogen, and cryo-scientific applications. With a strong presence across India, Brazil, and Europe, the company serves a vast customer base in over 100 countries. Its robust network of after-sales support associates spans 25 countries, ensuring reliable service and support worldwide. It also plays a pivotal role in advancing India's transition to LNG for industrial and automotive use. The company is recognised for its expertise in design engineering, manufacturing, and delivery of turnkey cryogenic packaged systems.
Business Upturn
4 days ago
- Business
- Business Upturn
INOX India secures multiple orders worth Rs 373 crore across business segments
By Aditya Bhagchandani Published on June 17, 2025, 10:57 IST INOX India Limited, a leading cryogenic technology solutions provider, announced on June 17 that it has secured cumulative orders worth ₹373 crore so far in FY26. The orders span its core segments: Cryo-scientific Solutions, Industrial Gas, LNG, and Beverage Kegs. According to the company's official statement, the order value is distributed as follows: ₹151 crore in the Cryo-scientific Solutions segment ₹141 crore in the Industrial Gas segment ₹71 crore in the LNG segment A significant contract has been awarded by ITER for the repair of the Cryostat Thermal Shield, categorized as a 'Major' order. INOX has also received multiple 'Large' and 'Minor' orders for LNG and industrial gas storage tanks, transport tanks, dispensers, and cylinders. A minor order was also placed from Germany for beverage kegs. CEO Deepak Acharya stated, 'These orders reinforce our position as a trusted global partner for critical cryogenic solutions. With increased applications in clean energy and growing demand across global markets, we remain committed to high-quality and innovative delivery.' The company operates in over 100 countries and is spearheading LNG adoption in India's industrial and automotive sectors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
27-05-2025
- Business
- Business Standard
Inox India secures approval of Heineken and ABinBev for manufacturing beverage kegs
Inox India announced that it has received approvals from two of the world's largest brewery brands Heineken and ABinBev - for its stainless-steel beverage kegs manufacturing at its Savli Plant in Gujarat. This milestone, coming a few Quarters after the Company's entry into the keg manufacturing space, in September 2023, marks a significant endorsement of INOXCVA's capabilities in quality, scale, and global compliance, as well as its unmatched expertise of more than 3 decades of handling stainless steel and welding know-how. INOXCVA's success in securing these approvals is a testament to a newly established plant with significant built-in capacity, and adherence to globally recognized quality standards, including ISO 9001, ISO 14001 and FSSC 22000. The audit processes were rigorous, requiring several weeks of preparation and entailing detailed on-ground evaluations across manufacturing protocols, cleanliness, staff expertise, traceability, QA systems, and testing infrastructure. The approvals have now paved the way for commercial engagements with these global beverage leaders. Further to these approvals, INOXCVA aims to emerge as a preferred supplier based on its competitive pricing & proximity to key markets, duly complemented by a strong intent towards building long-term relationships. Commenting on the achievement, Deepak Acharya, CEO INOX India Ltd, said, These approvals from two of the world's leading breweries mark a defining moment in our journey into the beverage keg space. It validates our belief in our manufacturing prowess and reinforces our position as a credible, high-quality, and future-ready partner for the global beverage industry. We are confident that this milestone will pave the way for deeper collaborations and wider global market access in the years ahead. Investments have also been made in tooling and customization capabilities such as embossing and engraving to meet the branding requirements of global customers. With such wherewithal, we aim to strengthen our capabilities and take them notches above, while ensuring that specific customer needs across the globe are addressed. We are confident of receiving approvals from more brewing majors in the due course of time INOXCVA offers a wide range of stainless-steel beverage kegs in EURO, DIN, SLIM, and USA standard (BBL) formats, from 10L to 60L, suitable for beer, wine, cider, juice, kombucha, coffee, and more. Options include stackable/non-stackable designs, various spears and necks, enhanced ring thickness, and 100% leak testing. The sustainable PSP Kegs (15L20L), made with recycled stainless steel and polypropylene, are lightweight, stackable, and customizable. Cornelius (Corny) Kegs, ideal for homebrewing, come in 2.55-gallon variants with hygiene certification and design flexibility. Logo embossing, silk-printing, and RFID tagging are also available.
