Hot Pursuit
Cryogenic OGS Ltd. is up 1.99% to Rs 394.45, although the stock has declined recently and is down 0.08% over the last one week.
Cryogenic OGS Limited has secured its first independent export order in the piping spools segment, marking a breakthrough entry into a new business vertical. The company received a purchase order from a Global EPC Company specializing in refineries and oil and gas process plants, valued at USD 2,022,816 (approximately Rs 19.36 Crores), with execution expected within 12-20 weeks. This milestone order validates Cryogenic OGS’s strategic investments in approvals and certifications and is anticipated to complement its existing manufacturing capabilities, leveraging its infrastructure and engineering expertise. The company, listed on the BSE SME platform (Scrip Code: 544440), confirmed that neither its promoters nor promoter group have any interest in the customer and the transaction is not a related party transaction.
Trading volume totaled 12750 shares today, a decrease of 79.76% compared to the one-week average volume. Cryogenic OGS Ltd soared by 175.84% year-over-year, outperforming the NIFTY50 index's 8.13% loss.