Inox India 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 shopbuilt 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 3 rd 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. Powered by Capital Market - Live News

Net profit of Inox India rose 7.01% to Rs 49.49 crore in the quarter ended September 2024 as against Rs 46.25 crore during the previous quarter ended September 2023. Sales rose 18.98% to Rs 306.56 crore in the quarter ended September 2024 as against Rs 257.65 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales306.56257.65 19 OPM %20.8522.83 - PBDT74.5264.52 15 PBT68.6060.44 14 NP49.4946.25 7 Powered by Capital Market - Live News

Inox India will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live News

Inox India will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live News

Net profit of Inox India declined 7.79% to Rs 52.64 crore in the quarter ended June 2024 as against Rs 57.09 crore during the previous quarter ended June 2023. Sales declined 3.92% to Rs 296.41 crore in the quarter ended June 2024 as against Rs 308.49 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales296.41308.49 -4 OPM %23.6823.19 - PBDT73.5379.37 -7 PBT67.9375.73 -10 NP52.6457.09 -8 Powered by Capital Market - Live News