PREMIER CRYOGENICS LIMITED is one of the leading manufacturers of industrial gases in India. The company’s manufacturing plant is located at Guwahati and Samaguri in the Assam state of India. The company is now the largest manufacturer of Industrial Gases in The North East part of India. It is also a leading service provider in the field of Cryogenics Engineering.
The product portfolio of the company ranges from industrial gases to specialty gases. Industrial gases range consists of Liquid Oxygen, Liquid Nitrogen, Industrial and Medical Oxygen, Dissolve Acetylene, Industrial and high purity Nitrogen gas, Dry compressed air, etc. And the Speciality gases portfolio consists of Hydrogen, Helium, Calibration gases, Freon, ultra-high purity gases, Gas mixtures, etc. The company also deals in all types of components and spares used in the gas industry like valves, regulators, cylinders, liquid containers, etc.
Premier Cryogenics Limited supplies gases to various industries including Food and beverage industry, Aerospace and Defence industry, Health Care industry, Oil and Gas industry, Research organizations, and the steel and alloy industry.
Premier Cryogenics Limited is also a technical expert in repairing and maintenance of Cryogenic transport and storage tanks, hospital pipeline supply, gas distribution network, oilfield nitrogen applications, Nitrogen purging systems, maintenance and operation of air/gas compressors, etc.
The products of the company are well accepted by its discerning customers like Oil exploration companies (ONGC & OIL), the Indian Air Force, the Indian Army, Oil Refineries (IOCL, NRL, BRPL), Railways, leading Hospitals, Reputed cement manufacturers, Major construction giants, etc.
The Equity share of Premier Cryogenics Limited is listed on Calcutta Stock Exchange.
CIN of Premier Cryogenics |
L24111AS1994PLC004051 |
Registration Date of Premier Cryogenics |
06 January 1994 |
Category/Sub-category of Premier Cryogenics |
Public Company Limited by Shares |
Premier Cryogenics Registered office address |
136, Maniram Dewan Road, Chandmari, Guwahati, Assam - 781 003 |
Premier Cryogenics Registrar and Transfer Agent Details |
Niche Technologies (P) Limited 3A Auckland Palace, 7th Floor Room No. 7A & 7B, Kolkata – 700 017 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Oxygen |
20111 |
37.33% |
|
Nitrogen |
20111 |
25.07% |
|
Construction |
4220 |
16.94% |
Dr. Pranabananda Bharali (Chairman)
Abhijit Barooah (Managing Director)
Anamika Chowdhary (Director)
Nitin Chandra Baruah (Director)
George Chacko (Director)
Dr. Munindra Kakati (Independent Director)
Swapan KR Handique (Independent Director)
CA Rajkamal Bhuyan (Independent Director)
Dipak Kr. Deka (Nominee Director)
|
Name of the Company |
% of shares held |
|
PLC Power Private Limited |
99.00% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Abhijit Barooah |
15,86,600 |
32.22% |
|
2 |
Derby Commodities Private Limited |
14,50,000 |
29.45% |
|
3 |
Anamika Chowdhary |
2,85,700 |
5.80% |
|
4 |
Other Promoters |
3,38,000 |
6.87% |
|
5 |
Public Shareholding |
12,63,600 |
25.66% |
|
|
Total |
49,23,900 |
100.00% |
Premier Cryogenics Limited has been operating in the industrial gas industry for over two decades. The industrial gases industry had witnessed steady growth over the last two decades across various sectors and potential markets have emerged within the North East region of India and beyond. The company is catering to the market demand and meeting the needs of a variety of industrial gas consumers mainly from the core sector oil industries, state departments, research laboratories, railways, food processing, infrastructure, and Health care sectors. Besides its primary business of manufacturing and trading of industrial, medical, and other gases, the company also carries out projects relating to construction facilities in the gas sector and could successfully execute several pipeline and infrastructure projects in the oil and gas industries. With improvement in the general economic conditions post-COVID-19 pandemic, an increase in industrial activities, and a resumption of projects in the infrastructure, power, and other core sectors, the company expects a surge in demand in the industrial gas market in the coming years.
The company has a variety of opportunities in this specialized industry. The company’s main products are Nitrogen and Oxygen, both produced by air separation and having no raw material cost. The sale of Dissolved Acetylene has the potential of increasing oxygen sales due to the joint applications. Gas products are critical inputs for oil and other industrial sectors and also for the healthcare sector. Thus gas products have a good growing demand.
Due to the second wave of the COVID-19 pandemic, the country faced a huge oxygen crisis. At that time, oxygen-producing companies played a vital role in fulfilling the need for Oxygen as a medical gas in India.
The industrial gas market is projected to grow at a CAGR of over 11% in 2023 on account of growing demand from the metal industry, particularly steel. Moreover, regular capacity expansions by automobile, refinery, and chemical companies coupled with an increasing number of new applications of industrial gases are further augmenting the demand for industrial gases in the country. Additionally, continuing growth in the country’s healthcare sector and booming food & beverages sector is anticipated to augur well for the industrial gases market in India through 2023.
