INOXCVA, a trailblazing cryogenic equipment manufacturer, emerged in 1992 under the visionary leadership of Mr. P. K. Jain. The company’s inception was driven by a dual ambition: to expand the frontiers of INOX and to bolster India’s self-reliance in the highly specialized domain of cryogenic tanks and solutions. Over three decades, INOXCVA has etched its name as a global leader in the design, engineering, manufacturing, and installation of cryogenic equipment, showcasing a commitment to innovation and excellence.
Since its establishment, INOXCVA has been at the forefront of innovation in cryogenic technology. Collaborating with esteemed entities like Nippon Sanso, Japan, the company swiftly gained prominence for manufacturing cryogenic vessels and vacuum-insulated tanks. Its journey began with the launch of liquid nitrogen containers, equipped with super-insulation technology, heralding a new era in cryogenic equipment.
A Legacy of Technological Milestones
INOXCVA’s legacy is marked by remarkable milestones, including the successful demonstration of Cryo Propellant Storage and Servicing systems for space research, supplying liquid hydrogen tanks to ISRO’s launch facility, and crafting multi-process pipe transfer lines for the world’s largest experimental Thermonuclear Fusion Reactor in France. These feats underscore the company’s technical prowess and commitment to cutting-edge solutions.
Global Impact and Innovations
As a testament to its global impact, INOXCVA commissioned India’s first LNG Dispensing Station and installed mini LNG Terminals in the UK, propelling advancements in LNG infrastructure. Notably, its foray into catering to the cryogenic needs of container ships navigating between Puerto Rico and the USA showcases its pivotal role in international trade routes.
Leadership in Clean Energy Solutions
INOXCVA’s commitment extends beyond conventional boundaries. With a keen eye on clean energy, the company is driving innovations in LNG and hydrogen. Notably, it stands as the first Indian entity to manufacture a trailer-mounted hydrogen transport tank, a joint effort with the Indian Space Research Organisation (ISRO). Its recent ventures include supplying liquid hydrogen storage tanks for South Korea’s burgeoning liquid hydrogen plants, signifying its pivotal role in the global hydrogen movement.
Business Segments and Market Prowess
INOXCVA’s influence spans across three core divisions: Industrial Gas, LNG, and Cryo Scientific. These divisions cater to a diverse array of industries, from industrial gases to healthcare, aviation, and scientific research. Notably, the company’s standing as the largest exporter of cryogenic tanks from India in Fiscal 2022 underscores its market dominance.
The Future Beckons
As INOXCVA breaks ground for India’s largest cryogenic equipment manufacturing facility in 2023, the company positions itself as an industry frontrunner poised to meet the burgeoning global demand for cryogenic solutions.
Unveiling the IPO
With an IPO price band set at Rs 627 to Rs 660 per equity share, INOXCVA’s IPO subscription period from December 14 to December 18 marks a significant milestone in its growth trajectory. The company aims to raise funds through an offer for sale, thereby propelling its mission to further revolutionize the cryogenic equipment sector.
INOXCVA’s journey from pioneering technological advancements to establishing market dominance underscores its commitment to innovation, sustainability, and global impact. With the IPO marking a significant chapter in its growth story, the company stands primed to continue its legacy as a trailblazer in the cryogenic equipment landscape.