During the year, the Explosives and Cryogenics businesses of IBP Division continued with its robust performance and recorded the highest
ever production and sales of explosives and cryocans. The Explosives group manufactured and sold 85,264 MT of explosives during the year,
recording growth of 6.16% over previous year’s volume of 80,313 MT. The Cryogenics group sold 23,747 units of cryocans during 2013-14,
recording 28.83% growth over the previous year’s sale of 18,433 units. The Cryogenics group designed and manufactured a liquid oxygen storage
tank and delivery system alongwith PLC controls for the Naval Materials Research Laboratory (NMRL), DRDO, Ministry of Defence, Government of
India. This was the country’sfirst indigenous land based prototype for fuel cell powered submarines.
IndianOil and its consortium partners were awarded two exploration blocks in Mumbai
In the eighties, a new business portfolio was added by introducing non-pressurized cryogenic container under brand name of CRYOCAN – a
double walled Aluminum vessel for holding Liquid Nitrogen. IndianOil is exporting Cryocans to Europe and countries like Singapore, Sri Lanka,
The expertise in the field of cryogenics was extended to manufacture Pressurised stainless steel Cryovessels for storage and transportation of
Liquefied gases like Nitrogen, Oxygen and Argon. IndianOil also entered into business of designing and producing Cryogenic containers for
storage solutions of storage of LNG, its regassification at site and controlled feed at a given point suitable to customer. Product from
IndianOil ranges from 100 to 127000 litres in capacity with pressure ranging from 0.5 to 25kg/cm2 for storage type Cryovessels while Transport
type Cryovessels are from 500 to 25000 litres capacity at different operating pressures.