INOX India eyes ₹1,600 crore revenue in FY26 amid diversification push.

Amid heightened tensions in West Asia disrupting global LNG markets, INOX India is pivoting toward diversification to sustain its growth momentum.

The Vadodara-based cryogenic equipment maker reported revenue of around ₹1,350 crore in FY25 and is now targeting ₹1,600 crore in FY26, signalling steady expansion despite volatility in its core LNG segment.

Company officials said INOX India is maintaining an annual growth trajectory of 18–20%, which could see it approach the ₹2,000 crore mark over the next two years. This growth is being driven by a diversified business portfolio that includes LNG infrastructure, industrial gases, and specialised engineering solutions.

By reducing its reliance on LNG-linked revenues, the company aims to cushion itself against market fluctuations while building a more resilient and broad-based business model.