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INOX India secures major contract from Island Power Producers

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

11 Nov 2024 Evaluate

INOX India (INOXCVA) has been awarded a major contract by Island Power Producers (IPP). This contract includes the turnkey design, engineering, and supply of a Mini LNG receiving and regasification terminal at The Bahamas. The terminal will feed natural gas to IPP’s 60 MW combined cycle power plant being set to provide shore power to Cruise Ships at the Nassau Cruise Port. The terminal is expected to serve as a model distribution hub for smaller LNG users, supporting power generation and other energy needs across The Bahamas. With a collective storage capacity of 15000 m3 LNG, this would be the largest installation of shop-built double-walled vacuum insulated LNG storage tanks in the world.

The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. These tanks will be the largest double-walled vacuum insulated tanks ever made by INOXCVA, making it the biggest order ever received by its LNG business division.

This would also be the largest Mini LNG Terminal made by INOXCVA, and the first of its kind in the region, dedicated to providing shore power to Cruise Ships. Once commissioned, the Mini LNG Terminal will be capable of receiving LNG through smaller ships as well as reloading of LNG in ISO Containers to service LNG users in the vicinity. The contract for INOXCVA’s 3rd and the largest Mini LNG terminal coincides with the completion of INOXCVA’s 2nd mini-LNG terminal set up by INOXCVA at Antigua, underlining the growing adoption and increased application of LNG as a fuel, especially in remote locations.

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 secures major contract from Island Power Producers

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