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INOX India zooms on securing significant contract from Highview Power

Inox India Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 544046 | NSE: INOXINDIA

08 Nov 2024 Evaluate

Inox India is currently trading at Rs. 1202.00, up by 71.50 points or 6.32% from its previous closing of Rs. 1130.50 on the BSE.

The scrip opened at Rs. 1188.00 and has touched a high and low of Rs. 1212.90 and Rs. 1158.95 respectively. So far 26972 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1507.20 on 08-Jul-2024 and a 52 week low of Rs. 802.20 on 24-Jan-2024.

Last one week high and low of the scrip stood at Rs.1212.90 and Rs. 1104.90 respectively. The current market cap of the company is Rs. 10905.69 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.98% and 12.03% respectively.

INOX India ((INOXCVA) has secured significant contract from Highview Power, UK for their upcoming Liquid Air Energy Storage (LAES) facility at Carrington, Manchester, UK. Under the contract, INOXCVA will supply 5 Vertical 690kl, high pressure EN Design Vacuum Insulated Cryogenic Tanks for the project. This contract marks INOXCVA's entry into the cutting-edge field of liquid air energy storage and represents the company's first order for a liquid air energy storage project. Notably, these will be largest shop-fabricated vacuum insulated Industrial Gas tanks ever made by INOXCVA.

This contract strengthens INOXCVA's position in the global cryogenic equipment market and opens new avenues in the rapidly growing energy storage sector. The Company looks forward to supporting Highview Power in enhancing the UK's energy storage capabilities and contributing to the country's clean energy infrastructure. INOX India's contribution to this project aligns with its global efforts to transition to more sustainable energy balancing systems.

INOX India is the largest supplier of cryogenic equipment in India. It has many years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions.

Inox India Share Price

1492.95 -5.95 (-0.40%)

17-Apr-2026 16:59 View Price Chart

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INOX India zooms on securing significant contract from Highview Power

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