Order Details
Order Value: USD 2,022,816 (Two Million Twenty-Two Thousand Eight Hundred Sixteen US Dollars)
Indian Rupee Equivalent: Approximately ₹19.36 Crores
Exchange Rate: ₹95.73 per US Dollar
Customer: Global EPC Company that specializes in bulk liquid storage terminals, refineries, and oil and gas process plants
Product/Service: Supply of Piping Spools
Execution Timeline: 12-20 Weeks
Order Type: Supply of Product
Geographic Scope: International order (export)
Business Significance
This order represents Cryogenic OGS Limited's first independent export order in the Piping Spools segment, marking the company's breakthrough entry into this new business vertical. The company had identified piping spools as a natural extension of its core infrastructure and engineering capabilities in the oil and gas industry.
The order validation comes after sustained investment in building technical, quality, and compliance foundations including securing prestigious industry approvals and certifications required to compete in the piping spools space.
Corporate Governance Aspects
Promoter/Group Interest: No interest of promoters/promoter group/group companies in the entity that awarded the order
Related Party Transaction: Does not constitute a related party transaction
Arm's Length Basis: Transaction conducted at arm's length
Additional Information
Company Description: Vadodara-based manufacturer of cryogenic, metering, filtration and gauge equipment for oil and gas industry applications
Listing Status: BSE SME platform
Digital Signature Date: 2026.09.18 11:27:30 +05'30'
Forward-Looking Statement
The press release contains forward-looking statements concerning the company's future business prospects and profitability, which are subject to risks and uncertainties. The company does not undertake to update these statements.