Cryogenic OGS has secured enlistment approval from ADNOC (Abu Dhabi National Oil Company) for the Metering Skids category. This approval designates the company as an approved vendor, enabling it to participate in tenders and pursue business opportunities within one of the world's leading energy organizations. The development is expected to strengthen the company's presence in the international market.

Approval Details

The approval grants Cryogenic OGS access to ADNOC's procurement ecosystem specifically for the Metering Skids Liquids and Gases category. The following table summarizes the key parameters of this development:

Strategic Significance

Being listed as an approved vendor by ADNOC is a prerequisite for participating in the organization's tendering process. With this approval, Cryogenic OGS is now eligible to bid for relevant contracts and orders issued by ADNOC. This development broadens the company's access to international oil and gas business opportunities, particularly in the Abu Dhabi energy market, and supports its business development initiatives.

Cryogenic OGS Limited has secured a purchase order from Endress and Hauser India for the supply of Metering Skids. The order is valued at ₹1,49,35,000, excluding GST. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The order has been classified as a domestic transaction involving the supply of products. According to the details provided, the execution of the order is expected to be completed within a timeframe of 10 to 12 weeks.

Order Details

The specific terms and financial details of the transaction are outlined below:

The company confirmed that neither the promoter group nor group companies hold any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.