Cryogenic OGS touches the roof on securing supply contract from Hyundai E&C of Republic of Korea
Cryogenic OGS is currently trading at its upper circuit limit of Rs. 339.70, up by 16.15 points or 4.99% from its previous closing of Rs. 323.55 on the BSE.
The scrip opened at Rs. 323.55 and has touched a high and low of Rs. 339.70 and Rs. 323.55 respectively. So far 9000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 453.00 on 05-Oct-2026 and a 52 week low of Rs. 151.00 on 26-Feb-2026.
Last one week high and low of the scrip stood at Rs. 393.00 and Rs. 320.55 respectively. The current market cap of the company is Rs. 485.09 crore.
The promoters holding in the company stood at 74.29%, while Institutions and Non-Institutions held 1.12% and 24.59% respectively.
Cryogenic OGS has received a Supply Contract from Hyundai Engineering & Construction Co., (Hyundai E&C) of the Republic of Korea. The contract covers the design, engineering, manufacturing, testing and delivery of Air Eliminators for the Common Seawater Supply Project in Basrah, Iraq.
The contract is valued at $35,700 (approximately Rs 33.8 lakh), excluding VAT. It covers multiple sets of Air Eliminators with flame arrestors, ASME Code stamping and commissioning spares. Delivery is due by June 30, 2027 on FOB international port terms.
This is 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 value of the order is modest, it gives the company a reference with an international EPC contractor for code-stamped equipment.
