INOX Air Products announces Greenfield investment in the Industrial Gases Sector of INR 2000 Cr
Manufacturer of Industrial & Medical Gases, INOX Air Products (INOXAP) has laid out massive expansion plans of INR 2000 Crores to build eight new Air Separation Units across the country. This will be India’s largest Greenfield investment plan ever witnessed in the Industrial Gases sector, according to a press statement made by INOXAP. With a combined capacity to manufacture more than 1500 Tons Per Day (TPD) of Liquid Gases, the expansion will take INOXAP’s total liquid gases production to 4800 TPD by 2024. The plants will produce liquid oxygen, liquid nitrogen and liquid argon and will be commissioned during the course of FY22 to FY24. During COVID, INOXAP has been catering to more than 60% of the total Medical Oxygen demand in the country.