INOXCVA, a cryogenic liquid storage, distribution and re-gas solutions provider, has commenced the construction of its latest manufacturing facility at Savli in Vadodara, Gujarat. The ceremony was presided over by Siddharth Jain, Director, INOXCVA, marking the beginning of the project. INOXCVA signed the MoU with the Government of Gujarat, in the presence of honourable Chief Minister of Gujarat, Shri Bhupendra Patel.
The green-field project, spread over a land parcel of 30 acres, would take shape as India’s largest cryogenic equipment manufacturing facility with the ability to fabricate over 20,000 MT per year of stainless steel equipment. With its magnificent and advanced design, engineering and fabrication capabilities, the new facility will also produce more than 2500 cryogenic equipment every year, doubling the cryogenic equipment manufacturing capacities of the entire cryogenic industry in the country, while accelerating India’s green energy adoption with its advanced cryogenic solutions.
Once commissioned, the state-of-the-art manufacturing facility, built with an investment overlay of Rs 200 Crores, will enhance the manufacturing capacity for cryogenic tanks having numerous green fuel applications for liquid hydrogen and LNG. The development would also enhance the manufacturing capacity for storage and transportation solutions for cryogenic gases like liquid nitrogen, liquid argon, liquid carbon dioxide and liquid medical oxygen, which would help strengthen the medical infrastructure of India.
As per Siddharth Jain, Director, INOXCVA, this ground-breaking ceremony marks a significant moment for INOXCVA, and reaffirms its commitment towards strengthening of Cryogenic infrastructure in India and adding speed to the country’s transition to a greener and cleaner economy. INOXCVA is truly inspired by the support received from the Government of Gujarat, which has enabled them to plan India’s largest establishment for cryogenic equipment manufacturing of this size and scale up in Vadodara. This state-of-the-art plant will usher in a sizable investment of Rs 200 crore and generate numerous employment opportunities in the state, while ushering in an inclusive economic growth for the region. The company looks forward to having the facility commissioned within the stipulated timelines, and are excited about the possibilities it will unlock in India’s green journey.