Cryogenic OGS wins first ASME U Stamp order from Hyundai E&C
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.9 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cryogenic OGS has received a USD 35,700 contract, about Rs 33.8 lakh before VAT, from South Korea's Hyundai E&C. It covers design, engineering, manufacturing, testing and delivery of air eliminators with flame arrestors for the Basrah common seawater supply project in Iraq. Delivery is due by June 30, 2027 under international port shipping terms. This is the company's first order for ASME U Stamp pressure vessels.
Small order value may limit near-term stock impact, but the international reference could boost credibility and future export opportunities.