Cryogenic OGS has achieved a significant milestone by securing its first export order in the Piping Spools category, marking a landmark achievement for the company's newest business vertical. According to reports from Business Standard, this represents the company's first independently secured export order in this segment, demonstrating the company's expanding capabilities in international markets.
The export order is valued at USD 2,022,816 (approximately ₹19.36 crore), as reported by Business Standard. The order has been placed by a Global EPC Company that specializes in bulk liquid storage terminals, refineries, and oil and gas process plants. The execution of the project is scheduled to be completed within 12-20 weeks from the order placement.
This export order represents a significant development for Cryogenic OGS as it enters the international piping spools market independently. According to Business Standard, the achievement demonstrates the company's successful expansion into new business verticals and its ability to secure substantial international contracts in the oil and gas infrastructure sector.
Cryogenic OGS shares are currently trading at ₹394.45, up 1.99% from the previous close of ₹386.75, with the stock showing strong momentum over the past trading session. As per latest market data, the stock has gained 17.08% over the last one week, significantly outperforming the broader market. The company's shares have surged by 278.54% year-over-year, substantially outperforming the NIFTY50 index's performance.
The company provides equipment solutions for metering, filtering, pressure reduction, dosing and blending, primarily serving the oil and gas sector. Cryogenic OGS has demonstrated strong financial performance with standalone net profit jumping 52.1% to ₹9.26 crore in FY26 from ₹6.09 crore in FY25, while revenue from operations increased 24.1% year-on-year to ₹40.82 crore in FY26. The company maintains a zero-debt status and is transitioning to a systems integrator model to secure higher-value contracts.
