Inox Air Products to invest Rs 645 cr to set up 6...

Inox Air Products to invest Rs 645 cr to set up 6 production units in India

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Inox Air Products Ltd is a joint venture between the US-based $7.5-billion Air Products & Chemicals Inc and the Jain family (promoters of the Inox Group). Inox Air Products Ltd will invest about Rs 645 crore to build six new air separation units (ASUs) in India.

Air separation unit – a manufacturing plant used to produce industrial gases – separates atmospheric air into its primary components, typically nitrogen and oxygen, and sometimes also argon and other rare inert gases.

The six proposed plants, which will serve the growing onsite and merchant liquid industrial gases market in the country, are scheduled to go onstream during the course of 2018 and 2019.

The plants will have a combined capacity of over 1,200 metric tonnes per day of liquid product and will serve a variety of regional markets and industry segments across India such as iron & steel making, glass manufacturing and pharmaceuticals.

Headquartered in Mumbai, Inox Air Products, , manufactures and supplies industrial gases including oxygen, nitrogen, helium, carbon dioxide, hydrogen, and speciality gas mixtures.