Cryogenic OGS Limited has made a regulatory disclosure under Regulation 30 of the SEBI Listing Regulations regarding a significant business update. The company received its first ASME "U" Stamp Supply Contract from Hyundai Engineering & Construction Co., Ltd. ("Hyundai E&C") of the Republic of Korea.

Contract Details

The contract is valued at USD 35,700 (approximately ₹33.8 lakh), excluding VAT. It covers the design, engineering, manufacturing, testing, and delivery of Air Eliminators for the Common Seawater Supply Project in Basrah, Iraq. The scope includes multiple sets of Air Eliminators with flame arrestors, ASME Code stamping, and commissioning spares. Delivery is scheduled for 30th June, 2027 on FOB international port terms.

Technical Process

Hyundai E&C approached Cryogenic OGS for its products, and the order was placed after the Company's offer was technically cleared through a rigorous process that met stringent technical requirements and conditions.

Strategic Significance

This represents Cryogenic OGS's first order for ASME "U" stamped equipment. The "U" stamp is the ASME mark for pressure vessels built to Section VIII, Division 1 of the ASME Boiler and Pressure Vessel Code. While the monetary value is modest, this contract provides the company with a strategic reference with an international EPC contractor for code-stamped equipment.

Management Commentary

Mr. Nilesh Patel, Chairman and Managing Director, commented: "For a company of Hyundai E&C's standing to come to us is a proud moment for our team. We went through a rigorous process, meeting stringent technical requirements and conditions before we were approved and in a position to win this order. This is also our first ASME 'U' stamp order, and it shows that our engineering and quality systems can meet the requirements of prestigious global EPC companies."

Company Background

Cryogenic OGS Limited, incorporated in 1997 and based in Vadodara, Gujarat, provides equipment solutions for metering, filtering, pressure reduction, dosing and blending. The Company is listed on the BSE SME platform and operates in the UAE through its subsidiary, Cryogenic OGS Middle East F.Z.E.