Cryogenic OGS Limited Sells Gujarat Property for Rs. 1.43 Crores

1 min read     Updated on 18 Aug 2025, 06:58 PM
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Reviewed by
Ashish ThakurBy ScanX News Team
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Overview

Cryogenic OGS, a manufacturer of oil and gas equipment, has sold its property in Gujarat for Rs. 1.43 crores. The sale, approved by the board in December 2024, was completed on August 18, 2025. The buyer, Ms. Hetalben Kirtesh Patel, is not related to the company's promoter or group. The transaction complies with regulatory requirements and is not considered a related party transaction.

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*this image is generated using AI for illustrative purposes only.

Cryogenic Ogs , a manufacturer of oil and gas metering and filtering equipment, has successfully executed a sale deed for its property in Gujarat. The company announced the completion of the transaction on August 18, 2025, marking a significant move in its asset management strategy.

Property Sale Details

The property, located at 187 Por GIDC, Por Ramangamdi-Por, District Baroda, Gujarat, was sold for a total consideration of Rs. 1.43 crores. The buyer has been identified as Ms. Hetalben Kirtesh Patel, an individual not related to the company's promoter, promoter group, or group companies.

Board Approval and Compliance

Cryogenic OGS Limited's Board of Directors had previously approved the authority to sell this property during a meeting held on December 7, 2024. The approval set a maximum consideration of Rs. 1.43 crores, aligning perfectly with the final sale price achieved.

Regulatory Compliance

The company has emphasized that this property sale does not constitute an undertaking or substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013. This clarification is crucial for shareholders and regulatory bodies to understand the scale and impact of the transaction on the company's overall operations.

Transaction Nature

Importantly, Cryogenic OGS Limited has confirmed that the transaction does not fall within the category of related party transactions. This disclosure ensures transparency and compliance with regulatory requirements, particularly those set by the Securities and Exchange Board of India (SEBI).

Company Background

Cryogenic OGS Limited, formerly known as Cryogenic Liquide Private Limited, specializes in manufacturing oil and gas metering and filtering equipment. The company's registered office and works are located in Por Industrial Park, Vadodara, Gujarat.

This property sale appears to be part of Cryogenic OGS Limited's strategic asset management, potentially aimed at optimizing its property portfolio or reallocating resources. As the transaction complies with regulatory requirements and has been executed at the board-approved price, it represents a structured approach to the company's asset decisions.

Historical Stock Returns for Cryogenic Ogs

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Cryogenic OGS Limited Secures Rs 1.62 Crore in Purchase Orders from Endress and Hauser

1 min read     Updated on 31 Jul 2025, 11:23 AM
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Reviewed by
Naman SharmaBy ScanX News Team
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Overview

Cryogenic OGS Limited, a manufacturer of oil and gas metering and filtering equipment, has received two purchase orders from Endress and Hauser totaling Rs 1.62 crore. The first order, valued at Rs 34.26 lakh, includes air eliminators, strainer cum air eliminators, and other equipment with a 14-week delivery period. The second order, worth Rs 1.28 crore, comprises bulk air eliminators, fixed provers, and stainless steel proving tanks, to be delivered in 12 weeks. These orders encompass a wide range of terminal automation products in various sizes and capacities, reinforcing Cryogenic OGS Limited's position in the market and demonstrating continued demand for its products across multiple terminals.

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*this image is generated using AI for illustrative purposes only.

Cryogenic OGS Limited , a leading manufacturer of oil and gas metering and filtering equipment, has announced the receipt of two significant purchase orders from Endress and Hauser, totaling Rs 1.62 crore. These orders underscore the company's growing presence in the terminal automation systems market and highlight the continued demand for its products across multiple terminals.

Order Details

The company has secured two separate purchase orders:

  1. First Order:

    • Value: Rs 34.26 lakh (excluding taxes)
    • Products: Air eliminators, strainer cum air eliminators, prover tanks, master meter trolleys, additive dosing blocks and skids
    • Delivery Period: 14 weeks
  2. Second Order:

    • Value: Rs 1.28 crore (excluding taxes)
    • Products: Bulk air eliminators, fixed provers, stainless steel proving tanks, and various terminal automation equipment
    • Delivery Period: 12 weeks

Product Range and Specifications

The orders encompass a comprehensive range of terminal automation products, including:

Product Specifications
Air eliminators 4" and 2" sizes
Bulk air eliminators 6", 8", 14", and 16" sizes
Fixed provers 100, 500, 1000, and 2000 Liter capacities
Stainless steel proving tanks 0.5KL and 5KL

Additionally, the orders include strainer cum air eliminators, master meter trolleys, and additive dosing blocks and skids.

Strategic Importance

These orders from Endress and Hauser, a domestic entity, are significant for Cryogenic OGS Limited for several reasons:

  1. They reinforce the company's position as a trusted supplier in the terminal automation systems market.
  2. The orders demonstrate the continued demand for Cryogenic OGS Limited's products across multiple terminals.
  3. The diverse range of products ordered showcases the company's comprehensive portfolio in the oil and gas metering and filtering equipment sector.

Delivery and Execution

Both orders are set to be executed within a relatively short timeframe:

  • The Rs 34.26 lakh order is scheduled for delivery within 14 weeks.
  • The Rs 1.28 crore order has a 12-week delivery timeline.

This quick turnaround highlights Cryogenic OGS Limited's manufacturing capabilities and its readiness to meet customer demands efficiently.

Company Background

Cryogenic OGS Limited, formerly known as Cryogenic Liquide Private Limited, is based in Vadodara, Gujarat. The company specializes in manufacturing oil and gas metering and filtering equipment, with a focus on terminal automation systems.

These new orders add to Cryogenic OGS Limited's growing track record in the industry, reflecting the company's commitment to providing high-quality terminal automation products to its customers.

Historical Stock Returns for Cryogenic Ogs

1 Day5 Days1 Month6 Months1 Year5 Years
-2.70%-4.63%-16.74%+15.45%+15.45%+15.45%
Cryogenic Ogs
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