Cryogenic tank maker Inox India has filed a draft red herring prospectus with SEBI to raise funds through an IPO. The offering will comprise an offer for sale by promoters and other shareholders and will include a total of 22.11 million shares. The company operates three manufacturing facilities and reported a net profit of INR 152.71 crore ($20.6 million) in FY23.
Chart Industries will supply compressors for China’s Dalian seawater hydrogen production project that is expected to generate 130kWH of green electricity and 2,000 tonnes of green hydrogen per year.