We have established relationships with several Indian customers across industries through over fifty years of business operations. In Fiscal 2024, we sold our products to 1,836 customers, which represented one of the highest number of customers of any gas company in India, indicating a highly diversified customer base with limited concentration risk.
The table below sets forth certain of our customers across different industries:
| End-use Industry | Customers |
| Steel | · A major steel manufacturing company in India |
| · Jairaj Ispat Limited | |
| · Rashtriya Ispat Nigam Limited | |
| · A steel manufacturing company in India owned by the Government of India | |
| Pharmaceuticals and Chemicals | · Dr. Reddy’s Laboratories Limited |
| · Apitoria Pharma Private Limited | |
| · Laurus Labs Limited | |
| · Honour Lab Limited | |
| · Neuland Laboratories Limited | |
| · Hetero Labs Limited | |
| · Astec Life Sciences Limited | |
| Healthcare | · All India Institute of Medical Sciences (AIIMS) |
| · Department of Health and Family Welfare, Government of West Bengal | |
| · Shree Bharath Pharma and Medical Oxygen Distributor | |
| · West Bengal Medical Services Corporation Limited | |
| · Chittaranjan National Cancer Institute | |
| Engineering and Infrastructure | · A major construction company in India |
| · A major electrical equipment manufacturing company in India | |
| · GMM Pfaudler Limited | |
| · Air India Engineering Services Limited | |
| Railways, Aviation, Aerospace and Space | · Jupiter Wagons Limited |
| · Multiple railway workshops across India | |
| · A space research organisation | |
| Petrochemicals | · Major oil marketing public sector undertakings in India |
| Defence | · Hindustan Shipyard Limited |
| · Indian armed forces | |
| Others (Power and Energy, Animal Husbandry, Electronics, Food and Beverages) | · Paschim Banga Go-Sampad Sanstha; West Bengal Power Development Corporation Limited |
| · Haldiram Bhujiwala Limited | |
| · JK Papers Limited |
We supply products to the Indian armed forces, including, at the Indian Air Force bases in East, South and West India, the Eastern Naval Command bases and multiple Government-owned laboratories. Our products are used in various applications such as weapons manufacture, manufacture of ships, aircraft pneumatics, for breathing requirement of pilots while flying on training missions and for divers while diving to repair ships. We supply to multiple bases and branches of the armed forces, who have diverse requirements. We are subject to stringent and regular audits from such government customers, thereby cementing our status as a reliable supplier. Our team handling certain contracts are also compelled to maintain secrecy regarding the location and quantity of supplies required by each base of the defence forces, and our historical ability to comply with these conditions has enabled us to generate repeat revenue from supplying gases to government organizations. We also supply products to space research organisation, multiple railway workshops and railways hospitals across East and South India, and AIIMS hospitals. We have been one of the key suppliers to India’s space and defence programme, and our products such as liquid nitrogen are used for testing satellites by subjecting them to cryogenic temperatures to check their structural integrity.
