The partnership will significantly increase INOXAP’s share of renewable energy in its energy mix
The agreement enables flexible, multi-location energy use across four states under the ISTS framework
May 5th 2025, Mumbai: INOX Air Products (INOXAP), India’s largest manufacturer of industrial, electronic and medical gases, has signed an agreement to procure 75 MW of Hybrid Renewable Energy from Serentica Renewables, a leading renewable energy provider in India. Under this agreement, Serentica will supply hybrid renewable energy to INOXAP, through its Inter-State Transmission System (ISTS) project, enabling competitive tariffs and flexible power usage across multiple locations of INOXAP in four different states.
This agreement marks a significant milestone in INOXAP’s green-energy-transition journey by significantly increasing the share of renewable energy in its energy mix. 75 MW of hybrid energy will power four of INOXAP’s key manufacturing sites in four different states.
Commenting on INOXAP’s milestone in INOXAP’s green-energy transition, S K Jena, Head – Operations (LASU & Onsite plants), INOX Air Products, said, “With decarbonization as a priority, we are committed to integrating sustainable practices into every facet of our operations. This agreement is a major leap in our decarbonization journey, as it would enable us to significantly increase the share of renewable energy in our energy consumption mix and get closer to our Net-Zero target. We are excited to reinforce our commitment to clean energy, while ensuring operational excellence across our facilities."
Commenting on the agreement, Akshay Hiranandani, CEO of Serentica Renewables, said, “This partnership reflects our shared commitment in driving decarbonization across India’s industrial ecosystem. The scale and inter-state nature of this project showcases our evolving capabilities to deliver firm, reliable, and geographically flexible clean energy to large enterprises. As this is ISTS-connected project, it represents a major step forward in enabling large industrial customers like INOXAP to seamlessly transition to sustainable operations across the country.”