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INOX India Secures New Orders Worth INR3.22 Billion Since April

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Cryogenic technology company INOX India (NSE:INOXINDIA, BOM:544046) has bagged orders worth 3.22 billion Indian rupees since April, according to a filing to the Indian stock exchanges.

The orders have been secured in the business segments of industrial gas, cryo-scientific solutions, and liquified natural gas (LNG).

Of the total, orders include 2.42 billion rupees in the industrial gas segment, 390 million rupees in the LNG segment, and 380 million rupees in the cryoscientific solutions segment, besides other orders.

The order book included a 'mega' order in the industrial gas segment from a global private space exploration company for large-scale cryogenic storage tanks of 1,500 m³ capacity.

The company's shares were up 2% in recent trade.

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