INOX Air Products, India’s largest manufacturer of industrial and medical gases, plans to invest INR 3,000 crore in ten sites nationwide by 2025 in order to meet the growing demand across sectors in the industry.
The company intends to allocate INR 1,300 crore of its total investment to establish two air separation units (ASUs) at Tata Steel’s Meramandali Plant in Odisha. These ASUs will have a daily production capacity of 1,800 tonnes of oxygen, as well as nitrogen and argon.
INOX Air Products has secured a 20-year contract that includes supply and offtake guarantees. Additionally, they will utilize the same facility to produce liquid gases, catering to a range of smaller consumers in Odisha and the eastern region.
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