Inox India is a prominent manufacturer of cryogenic equipment and ranks among the leading producers of cryogenic tanks worldwide. With over three decades of experience, the company specializes in designing, engineering, manufacturing, and installing equipment and systems tailored for cryogenic conditions. Its solutions cater to various industries including industrial gases, LNG, green hydrogen, energy, steel, medical, healthcare, chemicals, fertilizers, aviation, aerospace, and construction. Additionally, Inox India manufactures a range of cryogenic equipment utilized in global scientific research endeavors.
The company operates three manufacturing facilities located in Kalol (Gujarat), the Kandla Special Economic Zone (Gujarat), and Silvassa (Union Territory of Dadra and Nagar Haveli). Its business is segmented into three divisions: Industrial Gas, LNG, and Cryo Scientific. The Industrial Gas division focuses on manufacturing, supplying, and installing cryogenic tanks and systems for storing, transporting, and distributing industrial gases such as green hydrogen, oxygen, nitrogen, argon, carbon dioxide (CO2), and hydrogen, along with providing after-sales services. The LNG division is involved in producing standard and engineered equipment for LNG storage, distribution, and transportation, including small-scale LNG infrastructure solutions suitable for industrial, marine, and automotive applications. The Cryo Scientific division provides equipment and turnkey solutions for technology-intensive applications in scientific and industrial research involving cryogenic distribution.
Inox India achieved several milestones, including being the first Indian company to manufacture a hydrogen transport tank in collaboration with the Indian Space Research Organisation. Notably, it supplied a 238kl liquid hydrogen storage tank for a plant in South Korea and recently delivered four 311kl liquid hydrogen storage tanks for the construction of three liquid hydrogen plants in the same region. The company initiated a project for manufacturing cryogenic tanks in 1993 and expanded its capabilities by acquiring the gas cylinder unit at Silvassa through the merger with Refron Cylinders Limited in 2007. It also established an Air Separation Unit at the Bokaro Steel Plant in India and set up a new facility in the Kandla Special Economic Zone, Gujarat. Additionally, Inox India provided LNG fuel gas tanks for a marine gas engineering project in Germany, commissioned a CNG cascade filling facility in Nagpur, Maharashtra, installed 750 cubic meter LNG double-walled vacuum-insulated cargo tanks for a Norwegian company, and inaugurated an LNG dispensing station in Dahej, Gujarat during 2019-20. In 2021, it designed and manufactured semi-trailer tanks with running gear and pumps. Currently, the company is proposing to offer for sale up to 22,110,955 Equity Shares.