Inox Air Products (INOXAP) has laid out massive expansion plans of Rs 2000 crore to build eight new air separation units across the country. This will be India’s largest greenfield investment in the industrial gases sector.
With a combined capacity to manufacture more than 1500 tonnes per day of liquid gases, the expansion will take INOXAP’s total liquid gases production to 4800 TPD by 2024. INOXAP’s expansion would also augment its Liquid Medical Oxygen (LMO) production capacity by 50%.
INOXAP’s new plants will be located in proximity of high demand growth areas in the states of Gujarat, Maharashtra, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and West Bengal. The plants will produce liquid oxygen, liquid nitrogen and liquid argon and will be commissioned during the course of FY22 to FY24. The bulk availability of industrial and medical gases will ensure constant supplies for electronic manufacturing, pharmaceutical sector, besides helping iron, steel and automobile industries to ramp up their production capacities. The projects will generate more than 1000 direct and indirect employment opportunities in their respective regions.
Siddharth Jain, director, Inox Air Products, said, “The expanded capacity will enable us to serve the core sectors, supporting the nation’s Aatmanirbhar Bharat endeavour. Our new ASUs are envisioned to empower numerous sectors and boost economic activities in key industrial regions. The investments will also help us maintain our leadership position in the market.”