BSECryogenic Ogs LtdMediumPositive
Announced Wed, 3 Jun · 13:21 IST

We hereby inform that our subsidiary, Infravolt Engineering Private Limited has received an order by Fimer India Private Limited amounting to Rs. 12.58 Cr for supply of Busbar Kits.

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Price reaction · full curve 14 horizons · vs prior close
+9.1%1-day move
₹212.00
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₹219.95
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AI summary

Cryogenic Ogs Ltd announced that its subsidiary, Infravolt Engineering Private Limited, has received an order worth Rs. 12.58 crore from Fimer India Private Limited for the supply of Busbar Kits used in solar inverters. The order was received on 2nd June 2026 and is to be executed within 18-21 weeks. This marks Infravolt's entry into the renewable energy supply chain, with the precision copper components to be integrated into FIMER's solar inverter product range. The company highlighted this as a strategic move to diversify beyond its core business into solar energy infrastructure and railway electrification sectors.

Likely market impact

This order gives Cryogenic Ogs' recently incorporated subsidiary a foothold in the growing solar inverter supply chain, potentially opening up long-term OEM relationships and recurring revenue, though the Rs. 12.58 Cr size is modest in scale. For shareholders, the announcement signals diversification intent but near-term stock impact is likely limited unless more such orders follow.