Cryogenic OGS Ltd Share Price

Cryogenic OGS was originally incorporated on September 05, 1997 under the name and style of ‘MANGUKIA STEEL PRIVATE LIMITED’, pursuant to a certificate of incorporation dated September 05, 1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further, the company changed its name to ‘CRYOGENIC LIQUIDE PRIVATE LIMITED’ pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on March 21, 2011, with a fresh certificate of incorporation dated April 27, 2011 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Later on, the company changed its name to ‘CRYOGENIC OGS PRIVATE LIMITED’ again pursuant to a resolution passed by the Shareholders at the Annual General Meeting held on September 30, 2023, with a fresh certificate of incorporation dated October 20, 2023 issued by Registrar of Companies, Ahmedabad. Furthermore, the company was converted into a public limited company pursuant to a resolution passed by the Shareholders in an Extraordinary General Meeting held on November 01, 2023, with a fresh certificate of incorporation dated November 10, 2023 issued by Registrar of Companies, Ahmedabad. Consequently, the name of the company was changed to ‘CRYOGENIC OGS LIMITED’.

The company provides high-quality measurement and filtration equipment and systems by fabrication and assembling for various sectors like oil, gas, chemicals and allied fluid industry. Focused on innovative and tailored services, for oil, gas, chemicals and allied fluid industry, it provides customized solutions to meet the specific needs of its customers. Its team of experts works closely with clients to understand their unique requirements, developing tailored strategies that maximize efficiency and minimize costs.

Its in-house engineering and design capabilities helps it to offer diversified products and solutions to its customers in each of the segments in which it operates. Its comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It uses Auto-CAD ELD software along with other pairing software for preparing designs of its products. Its production facilities are equipped with all the required machineries and equipment required for its production processes. 

It also has a well-equipped quality checking department with highly skilled manpower to carry out the required testing of all kinds relating to the machines and equipment being prepared by the company for e.g. Chemical testing, Mechanical testing, non-destructive testing, Hydro test of Equipment, Pneumatic leak test with air etc. It also has its administration block built up in the same premises to facilitate and ease out the overall working of the business.

Business area of the company

The company is engaged in fabrication and assembling of gas metering skid and meter run, chemical and additive injection skid, strainer cum air and vapor eliminator, design fabrication and testing of strainer, bulk air eliminator, pressure vessels, LPG vapor eliminator, prover tank, etc.

Products of the company

• Truck loading/ tank wagon loading skid (liquid & gas skid)
• Additive dosing skid
• Additive injection panel (block)
• Air eliminator
• Basket strainers
• Prover tank
• Strainer cum air (vapor) eliminator
• Optical air eliminator

Awards, certifications, and accreditations

• 2021-2023: Received Performance Feedback Letter from EMERSON MEASUREMENT SYSTEMS AND SOLUTIONS (INDIA) PRIVATE LIMITED for successful installation of Bulk vapor eliminator and Assembly & Fabrication of Piping Spool.
• 2023: Received Performance Feedback Letter from BHARAT PETROLEUM CORPORATION LIMITED for successful installation of Prover Tank.
• 2023: Received Performance Feedback Letter from INDIAN OIL CORPORATION LIMITED for successful installation of Basket Strainer cum air eliminator.
• 2023: Received Performance Feedback Letter from HINDUSTAN PETROLEUM CORPORATION LIMITED for successful installation of Strainer cum air eliminator and Prover Tank.
• 2024: Inclusion amongst Top 20 suppliers of HONEYWELL AUTOMATION INDIA LIMITED by way of their Supplier Rating.

History and milestones

• 1997-98: The company was incorporated on September 05, 1997 under the name ‘Mangukia Steel Private Limited’, pursuant to a certificate of incorporation dated September 05, 1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli.
• 2011: Strategic Partnerships and Major Orders: - Received first order from Hindustan Petroleum Corporation Limited through Larsen and Toubro Ltd. Began manufacturing metering skids, landing first order for HPCLMittal Refinery via Honeywell Automation India.
• 2012-13: Financial Growth and Key Contracts: - Achieved significant turnover of Rs 2.82 crore in 2012, with a profit of Rs 15.94 lakh.
• 2018: High-Value Orders and Market Presence:- Bagged a substantial Rs 4.5 crore order from Endress + Hauser for Pipeline Transfer Metering Skids for IOCL terminals.
• 2019: Record-Breaking Turnover and Innovative Product Delivery: -Achieved a turnover of Rs 21.20 crore, with a net profit of Rs 1.52 crore. Delivered a major order for Ron Booster (octane booster) control panels and mixers worth Rs 1.72 crore to Indian Oil Corporation Limited.
• 2022: State-of-the-Art Facility: Launched a world-class manufacturing facility covering a total land area of 93,000 sq ft, with a 65,000 sq ft manufacturing area, a 9,000 sq ft admin building, and a 10,000 sq ft storage facility.
• 2023: Financial Milestone and Global Recognitions: Achieved zero debt status by March 31, 2023. Recognized as a globally approved vendor for Honeywell Automation India Ltd, Emerson Process Management, ABB India Ltd, and Endress + Hauser. Expanded market presence to over 300 IOCL terminals, 200 HPCL terminals, and 200 BPCL terminals.
• 2023: Innovative Ventures and Strategic Partnerships: Began manufacturing LNG and Hydrogen Metering Skids. Signed an agreement with KMC Oil and Gas Equipment LLC, Abu Dhabi, for sales and marketing in GCC countries.
• 2023: International Audit and Approval: Successfully audited by Endress and Hauser with Arrow Energy Australia for gas skid requirements, securing approval for the Australian market.
• 2023: Conversion of the company from Private Limited to Public Limited Company.