Inox India Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as a public limited company under the Companies Act, 1956 with the name “Baroda Oxygen Limited” at Gujarat, pursuant to a certificate of incorporation dated December 21, 1976, issued by the RoC and received a certificate of commencement of business from the RoC on April 18, 1979. Subsequently, the name of our Company was changed from “Baroda Oxygen Limited” to “INOX India Limited”, pursuant to a fresh certificate of incorporation issued by the RoC, recording the change in name on March 23, 1987. Further, the name of our company was changed from “INOX India Limited” to “INOX India Private Limited”, upon conversion into a private limited company, and a certificate of incorporation dated May 22, 2015, was issued by the RoC. The name of our Company was subsequently changed to “INOX India Limited”, upon reconversion into a public limited company, pursuant to a resolution passed by our Board on May 23, 2022, and a resolution passed by our Shareholders on June 15, 2022. A fresh certificate of incorporation dated July 14, 2022 was issued by the RoC consequent to the re-conversion of our Company into a public limited company.

Major events and milestones:
1993
-Implementation of the project for manufacturing of cryogenic tanks by our Company.

1996
-Started use of our trademark “CRYOSEAL”.

2001
-Started use of our trademark “PORTACRYO” for vacuum super insulated tanks used for storage of liquid gases.

2004
-Received DOT 39 certification from Department of Transportation, USA for export of our products to the USA.

2006
-Development of critical cryogenic equipment including thermo vacuum chamber, trailer mounted hydrogen transport tank and cryogenic equipment’s for second launch pad for Indian Space Research Organisation at its various sites.

2007
-Establishment of our new facility at Kandla special economic zone, Gujarat.
-Acquisition of disposable gas cylinder manufacturing unit located at Silvassa after amalgamation of Refron Cylinders Limited with our Company.
-Setting up of air separation unit in Bokaro Steel Plant of a large steel company in India.

2009
-Entered into a tripartite agreement with two large companies for providing LNG cargo handling services.
-Obtained factory license for operationalization of our service division at our Kalol facility.

2011
-Establishment of our Subsidiary “INOXCVA Comercio e Industria de Equipamentos Criogenicos Ltda.” in Brazil.

2014
-Establishment of our Subsidiary “INOXCVA Europe B.V.” in the Netherlands primarily to develop the business of INOX group in the Netherlands.
-Supply of our tanks and re-gasification systems to a company in Chile.

2015
-Manufactured and supplied LNG fuel gas tanks to a marine gas engineering company for its project in Germany.
-Development of LIN shielded liquid hydrogen tank and manufacturing and supply of 40 cubic meter liquid nitrogen shielded hydrogen tank to a premier space research organization in India.

2017
-Supply of LNG fuel tanks for 785C trucks to a USA based manufacturing company for use in their program.

2018
Manufacturing, installation and commissioning of 6.5 meter diameter COMNAVAC thermal vacuum system for a premier space research organization in India

2019
-Installation of our mini LNG terminal, which includes two 1,000 cubic meter vacuum insulated storage tanks, in Scotland, United Kingdom.
-Commissioning of LNG dispensing station in Dahej, Gujarat.
-Commissioning of CNG cascade filling facility in Nagpur, Maharashtra.
-Successful manufacturing and installation of 750 cubic meter LNG double walled vacuum insulated cargo tanks for a company in Norway.

2020
-Supply of our 300KL and 500 KL cryogenic tanks to Air Liquide in the United Kingdom for providing oxygen service.
-Entered into a memorandum of understanding with Shell Energy India Private Limited to assess potential areas of cooperation on logistics solutions for trucked LNG and to collaborate to facilitate faster adoption of LNG as a fuel.

2021
-Designed and manufactured semi trailer tank with running gear and pump.
-Entered into a memorandum of understanding with a Japanese conglomerate for, inter alia, exploring business opportunities in relation to establishing a virtual LNG pipeline.
-Completion of manufacturing of cryolines and warmlines for an India based project of an institute involved in plasma research.
-Manufacturing of LNG dispenser, which is among the only two LNG dispensers to have received certificate of approval from the Indian authorities.

2022
-Manufacturing of 238 cubic meter capacity liquid hydrogen tank.
-Awarded equipment supply contract for setting up of mini LNG terminal for Caribbean LNG Inc, Antigua, West Indies.

2023
-Successful completion of the manufacturing of an MRI cryostat and integration of the same with the MRI magnet and delivery to the Inter-University Accelerator Centre.
-Successful completion of the liquid hydrogen plant vacuum evacuation and mechanical installation of four liquid hydrogen tanks of 311 m3 supplied to South Korea.
-Entered into a contract with ITER International Fusion Energy Organization, France for repair/refurbishment of the ITER thermal shield and vacuum vessel sectors.
-Completion of and commencement of production at the Savli facility.
-Entered into a memorandum of understanding with Adani Total Gas Limited with respect to establishing LNG/LCNG stations, LNG satellite stations etc.
-Installation of LNG tanks at Caribbean LNG Antigua site.
-Order from Larsen & Toubro Limited for cryogenic equipment to be installed in submarines