INOX Air Products (INOX AP) has today (22nd Feb) announced major plans to build eight new air separation units (ASUs) across India as part of a ₹2,000 crore ($276m) development that will double its liquid medical oxygen production.
Marking India’s largest greenfield investment plan for the industrial gases sector, the ASUs will produce liquid oxygen, liquid nitrogen and liquid argon, boasting a combined capacity of 1,500 tonnes per day (tpd).
Supplying both industrial and medical gases, the ASUs will ensure constant supplies for the electronic manufacturing sector, pharmaceutical sector, as well as iron, steel and automobile industries.
INOX AP said the facilities will take its total liquid gases production to 4,8000 tpd by 2024.
Commenting on the development, Siddharth Jain, Director of INOX Air Products, said, “With an objective of rejuvenating the country’s economic landscape, budget 2021 pronounced major investments and initiatives around manufacturing, infrastructure and healthcare.”
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