INOX India, manufacturer of cryogenic equipment based in Vadodara, is targeting ₹1,600 crore in revenue for FY26 as it expands into new growth segments and diversifies beyond its traditional LNG infrastructure business. While the company continues to benefit from the growing global demand for liquefied natural gas (LNG) infrastructure, it is increasingly focusing on industrial gases, advanced engineering solutions, hydrogen infrastructure and high-technology projects to sustain long-term growth.
Diversification Strategy Amid Global LNG Market Uncertainty
Rising geopolitical tensions in West Asia, which have created volatility in global LNG markets, have encouraged INOX India to diversify its revenue streams. Currently, nearly one-third of the company’s order book comes from LNG infrastructure, making diversification an important strategic priority. By strengthening its presence in industrial gas equipment, cryogenic scientific applications and advanced engineering, the company aims to maintain stable growth despite fluctuations in global energy markets.
CEO Deepak Acharya emphasized, “From a two-litre container storing bull semen to a 400-ton vessel, we are a supermarket of cryogenic equipment.” This wide product range allows INOX India to cater to industries ranging from healthcare and agriculture to energy and advanced scientific research.
Positioned Across Multiple Growth Engines
As reported by thehindubusinessline.com, by combining its strengths in LNG logistics, hydrogen infrastructure, industrial gases, high-tech engineering projects and semiconductor applications, INOX India is positioning itself across multiple high-growth sectors. As global energy markets continue to evolve, the company’s diversified portfolio is expected to provide greater resilience and sustained growth in the coming years. CEO Deepak Acharya mentioned, “With a portfolio spanning LNG logistics, hydrogen infrastructure and advanced scientific projects, we are positioning ourselves across multiple growth engines even as global energy markets remain volatile.”
