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Air Products' India venture caught in pandemic oxygen shortage

An Air Products’ joint venture in India is among the industrial gas companies struggling to meet the demand for oxygen in that country as it grapples with a major coronavirus pandemic crisis. ....

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INOX Air Products announces Indias largest Greenfield investment in the Industrial Gases Sector of INR 2000 Cr

INOX Air Products announces Indias largest Greenfield investment in the Industrial Gases Sector of INR 2000 Cr
MUMBAI, India, Feb 22, 2021 /PRNewswire/ Supporting the Nation s revival journey through massive investments in core sectors like Manufacturing and Infrastructure as announced in Budget 2021, India s largest 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.
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. ....

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INOX Air Products announces Rs 2,000 cr investment in industrial gases

India’s largest manufacturer of industrial and medical gases, INOX Air Products (INOXAP) plans to invest Rs 2,000 crore to build 8 new air separation units across the country. This will be India’s largest greenfield investment plan in the industrial gases sector. This follows a manifold increase in demand for medical oxygen because of the Covid-19 pandemic though the company says it is looking ahead at the government s push for the manufacturing and infrastructure sector.
With a combined capacity to make more than 1500 tonne a day (TPD) of liquid gases, the expansion will take INOXAP’s total liquid gases production to 4800 TPD by 2024. The investment would be funded by a mix of debt and internal cash accruals. The debt portion is yet to be worked out but it could be 40 per cent of the investment, Siddharth Jain, director - INOX Air Products, told Business Standard. ....

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