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inoxcva.com

Stage

Growth Equity | Alive

Total Raised

$44.76M

Last Raised

$44.76M | 10 yrs ago

About INOX India Ltd.

Provider of cryogenic storage and transportation equipment. The company provides storage equipment used for storage and distribution of liquefied gases used in industrial applications. It also manufactures pressure pumping equipment used in shale oil and gas extraction.

INOX India Ltd. Headquarters Location

4th Floor, Old Padra Road ABS Towers

Vadodara, 390007,

India

91 265 2343123

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Latest INOX India Ltd. News

Inox Group reaches settlement over division of business; stocks rise-Business Journal

Nov 10, 2021

Inox Group reaches settlement over division of business; stocks rise-Business Journal By The share prices of Inox Group companies, including flagship Gujarat Fluorochemicals, rose on Wednesday following the group’s statement that the family has amicably decided to divide its businesses among the promoters. The share price of GFL was up 3.1 per cent with total market valuation rising to Rs 22,876 crore. The stock is up by 266 per cent year-to-date. According to the filing made to the stock exchanges, Pavan Jain, 70, gets Inox Leisure and unlisted Inox Air Products, while younger brother Vivek Jain, 66, gets GFL, Inox Wind, and Inox Wind Energy. Share prices of Inox Wind and Inox Wind Energy were up 4.6 per cent and 4 per cent, respectively. Share prices of Inox Wind and Inox Leisure are up 130 and 56 per cent since January 1. The Inox Leisure stock, however, closed marginally down on Wednesday. Analysts said the brothers set up Inox India in the 1980s and turned it into one of the largest manufacturers of cryogenic tanks in the country. Later, the duo expanded into the refrigerants business after sales of refrigerators and airconditioners sales started increasing. The group started making refrigerants like chlorofluorocarbon (CFC), along with their gas business. Vivek set up GFL in 1989 in Gujarat. As the businesses flourished, in 2002, the brothers decided to get into the multiplex cinema chain business via Inox Leisure and it received a good response. As the new generation started getting into the business, the brothers decided to enter renewables and set up Inox Wind, which has a market valuation of Rs 3,000 crore as of Wednesday. Set up in 2009, Inox Wind has become one of the biggest manufacturers of Wind Turbine Generators in India with four manufacturing plants in Gujarat, Madhya Pradesh, and Himachal Pradesh, and a cumulative manufacturing capacity of 1,600 MW. The group is one of the largest producers of oxygen and has been instrumental in supplying oxygen to hospitals across the country during the Covid pandemic. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Digital Editor

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  • Where is INOX India Ltd.'s headquarters?

    INOX India Ltd.'s headquarters is located at 4th Floor, Old Padra Road, Vadodara.

  • What is INOX India Ltd.'s latest funding round?

    INOX India Ltd.'s latest funding round is Growth Equity.

  • How much did INOX India Ltd. raise?

    INOX India Ltd. raised a total of $44.76M.

  • Who are the investors of INOX India Ltd.?

    Investors of INOX India Ltd. include Standard Chartered Private Equity.

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