Category: Release

Investment in line with Budget 2021’s vision of accelerating growth in core sectors of Manufacturing, Infrastructure and Healthcare

Eight new Air Separation Units to come up from FY22 to FY24 

Liquid Medical Oxygen production capacity to increase by 50%, providing critical boost to medical infrastructure

Mumbai, 22nd February, 2021: 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. Inspired by the Prime Minister’s vision of Make In India, INOXAP’s new plants will strengthen and promote inclusive growth in the existing and upcoming industrial corridors across the country. Complementing the critical boost provided in Budget 2021 to the Healthcare sector, INOXAP’s expansion would also augment its Liquid Medical Oxygen (LMO) production capacity by 50%. 

INOXAP’s new plants will be strategically located in proximity of high demand growth areas in the states of Gujarat, Maharashtra, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and West Bengal. The plants will produce liquid oxygen, liquid nitrogen and liquid argon and will be commissioned during the course of FY22 to FY24. The bulk availability of industrial and medical gases will ensure constant supplies for electronic manufacturing, pharmaceutical sector, besides helping iron, steel and automobile industries to ramp up their production capacities. The projects will generate more than 1000 direct and indirect employment opportunities in their respective regions.

Speaking about the investments, Mr. Siddharth Jain, Director – INOX Air Products said, “With an objective of rejuvenating the Country’s economic landscape, Budget 2021 pronounced major investments and initiatives around Manufacturing, Infrastructure and Healthcare. As we welcome the enhanced capex in these critical areas, we want to be prepared to service the Country’s future-oriented and accelerated growth drive by ensuring capacity creation of industrial and medical gases across the growth corridors of the country. The expanded capacity will enable us to serve the core sectors, supporting the nation’s Aatmanirbhar Bharat endeavour and its march towards becoming a $5 Trillion economy. Our new ASUs are envisioned to empower numerous sectors and boost economic activities in key industrial regions. The investments will also help us maintain our leadership position in the market.”  

INOX AP currently manufactures 3300 TPD of liquid gases across 44 locations in the country. During COVID, INOXAP has been catering to more than 60% of the total Medical Oxygen demand in the country. All INOXAP units have been running 24×7 to ensure a continuous production and uninterrupted supply of Medical Oxygen to more than 800 hospitals nationwide through a dedicated fleet of 550 transport tanks. With a massive 50% growth in the production of LMO, INOXAP would continue to fulfil its responsibilities in the Medical & Healthcare space. 

Contract to support first major expansion in India by ArcelorMittal, world’s largest steel company

Installation of 5th ASU by INOXAP to give birth to India’s largest onsite Industrial Gas Complex

ASU to produce 700 TPD of Gaseous Oxygen and 300 TPD of Gaseous Nitrogen along with other liquid industrial gases

Mumbai, 5th February, 2021: INOX Air Products (INOXAP), India’s largest manufacturer of Industrial & Medical Gases, has announced that it has bagged a prestigious contract from ArcelorMittal Nippon Steel India Ltd (AM/NS India) to set up its 5th cryogenic Air Separation Unit at Hazira Plant. The installation of the 5th ASU by INOXAP at Hazira will give shape to India’s largest single-operator onsite Industrial Gas Complex on a BOO basis, which will support the first major expansion in India by ArcelorMittal, world’s largest steel company, after the acquisition of Essar Steel. 

At an investment of INR 300 Cr, INOXAP’s 5th cryogenic ASU at AM/NS India’s Hazira plant, would have the capacity to generate 700 TPD of Gaseous Oxygen and 300 TPD of Gaseous Nitrogen along with other liquid gases. Once completed, the Gas Complex would have a combined production capacity of more than 9000 TPD of industrial gases. 

Sharing his views on the prestigious contract, Siddharth Jain, Executive Director – INOX Air Products adds. “We are indeed honoured by the continued trust ArcelorMittal management has reposed on us for supporting them in their growth plans. The new contract for setting up yet another ASU underlines our reliability, commitment and consistency to our strategic customer. The deployment, which is projected to be commissioned in a record period of 15 months, will make us the proud operators of country’s largest onsite Industrial Gas Complex on BOO basis, that too in a plant operated by ArcelorMittal, the largest steel manufacturer in the world.” 

Commenting on the contract, Wim Van Gerven, Chief Operating Officer of AM/NS India said, “We are pleased to partner with INOX Air Products for yet another Oxygen Plant at our Hazira facility as we begin our first major expansion in India post the acquisition of Essar Steel. Looking at our long term relationship, we are confident that INOX Air Products will support us in our growth journey, as we prepare ourselves to cater to the country’s growing steel demand.”

The 5th cryogenic Air Separation Unit at its Hazira Plant, would supply the Oxygen and Nitrogen gases required to meet the additional demand due to the phased brownfield expansion of AM/NS India’s capacity from the current 7.2 MTPA to 8.6 MTPA. This expansion is a part of their larger expansion plans across India. 

INOXAP’s long term, onsite gas supply partnership with AM/NS India began in year 2005, when erstwhile Essar Steel awarded a contract for a 885 TPD Cryogenic ASU on BOO basis. This relationship achieved newer heights when INOXAP was chosen as a preferred partner to outsource the majority of its captive ASUs resulting into INOXAP acquiring all 3 ASU assets of 1700 TPD capacity each from Essar Steel in 2015 and entered into a long term contract for supply of all Industrial Gases on a BOO basis. 

INOXAP has been servicing the needs of the Indian Steel Industry for over 45 years now. As an integrated Industrial Gas supplier, INOXAP offers efficient solutions including Application Technology in areas like BF Enrichment, EAF O2 Lancing, Ladle Furnace Pre–Heating (Oxy– Fuel Burners), RHF Enrichment, Argon Oxygen De-carburization, Oxy–Fuel Assisted Melting and Molten Metal Blanketing (MMB) in Induction Furnace, and supplies of Industrial Gases for the same, either through on-site ASUs or through bulk supplies from its 44 plants across the country.   

Foundation stone of the plant was laid by Honourable Prime Minister Shri Narendra Modi in July 2018

The 200 Tonnes Per Day capacity Air Separation Plant will be the largest Gas Plant in Uttar Pradesh producing Liquid Oxygen, Liquid Nitrogen & Liquid Argon

With a Liquid Oxygen manufacturing capacity of 150 TPD, the new plant takes state’s total production capacity from 115 TPD to 265 TPD

The plant will fulfil the Oxygen demand of more than 200 hospitals and medical colleges as well as cater to the industrial gas needs in the state

Lucknow, 8th October 2020: Uttar Pradesh Chief Minister, Shri Yogi Adityanath today inaugurated a new state-of-the-art Ultra-High Purity Cryogenic Oxygen Plant in Modinagar town in the Ghaziabad District of Uttar Pradesh. The plant has been commissioned by INOX Air Products (INOXAP), one of India’s largest manufacturers of Industrial & Medical Gases. As the largest gas manufacturing unit in Uttar Pradesh, the Air Separation plant with a capacity of 200 Tonnes Per Day (TPD) will produce Liquid Oxygen, Liquid Nitrogen & Liquid Argon. The foundation stone for this prestigious project was laid by Hon’ble Prime Minister Shri Narendra Modi on 29th July 2018.

As a part of MOU signed between the Government of Uttar Pradesh and INOX AP during ‘Investors Summit 2018’, the plant has been commissioned today, depicting INOX AP’s strong intent to fulfil the need of medical oxygen as well as aid the state’s industrial growth with a robust supply of industrial gases. With a potential to produce 150 Metric Tonnes of Liquid Oxygen per day, the plant now takes state’s current Liquid Oxygen manufacturing capacity from 115 Metric Tonnes to 265 Metric Tonnes per day. It will fulfil the Oxygen demand of more than 200 hospitals and medical colleges in the state as well as cater to the industrial gases needs of various industries.

With the largest storage capacity of 1000 Metric Tonnes and a robust distribution infrastructure, INOXAP can ably perform this critical task of LMO supplies with its fleet of 15 specialized Cryogenic Tankers having a total trunking capacity of 2.3 lakh litres of Oxygen. Commissioned with a project outlay of Rs 135 Crores, the new plant will also generate 150 direct and indirect employment opportunities in the state.

Talking about the newly commissioned plant, Mr. Siddharth Jain, Director, INOX Group said, “We are extremely thankful to the progressive outlook adopted by the Government of Uttar Pradesh under the leadership of Hon’ble CM Shri Yogi Adityanath Ji. I would like to extend a heartfelt thanks to him for the prompt support extended by various Departments at various stages of this project. Today, as we cross a massive milestone in our journey, we feel inspired by the Hon’ble Chief Minister’s vision of ensuring a robust healthcare infrastructure as well comprehensive economic growth in the State of Uttar Pradesh, and we feel proud to be a part of this growth story. The newly commissioned plant at Modinagar is another testament of our commitment towards serving the nation and supporting the Government in these challenging times. I would also take this opportunity to applaud the efforts and passion of our team who worked selflessly – beating all the odds – to ensure that the project is delivered on time. INOX AP is standing tall with the country to fight against this pandemic.”

INOX AP, with support from the Government of Uttar Pradesh, is keen to make a second round of investment of around Rs 150 Crores to set up another Ultra High Purity Cryogenic Liquid Oxygen Plant in the Madhyanchal area. The proposed plant will make Uttar Pradesh an “Atmanirbhar Pradesh” to provide the medical and industrial gases while strengthening and promoting the sustainable industrial growth in the state.

Currently, INOXAP is catering to more than 60% of the total Medical Oxygen demand in the country. All INOXAP units have been running 24×7 to ensure a continuous production and uninterrupted supply of Medical Oxygen to more than 800 hospitals nationwide through a dedicated fleet of 550 transport tanks and 600 drivers.

Awarded a contract by West Bengal Medical Services Corporation Ltd for supply of Liquid Medical Oxygen to 3 major COVID hospitals

Working round the clock by supplying Medical Oxygen to more than 100 Government and Private Hospitals providing COVID care

Ensuring a constant supply of Liquid Medical Oxygen with a fleet of 54 specialized Cryogenic Tankers having capacity of 380,000 Litres

Kolkata, September 2020: INOX Air Products (INOXAP), one of India’s largest manufacturers of Industrial & Medical Gases, has been awarded of contract for supply of Liquid Medical Oxygen by West Bengal Medical Services Corporation Limited, Kolkata for for 3 of Government ear marked COVID care hospitals viz. M R Bangur Super Speciality Hospital, M R Bangur District Hospital and ID&BG Hospital Beliaghata.

INOXAP has been supplying Medical Oxygen through it’s channel partners to more than 100 hospitals in West Bengal in their battle against COVID-19, by ensuring a relentless supply of Medical Oxygen ever since the pandemic broke out in the State. Being the largest producer of Medical Oxygen in the state of West Bengal, INOXAP has been supplying LMO to various Government and Privately-run hospitals across the State including Apollo Gleneagles Medical Centre, Jagannath Gupta Institute of Medical Sciences & Hospital (JGIMS). 

With the largest storage capacity of 1000 MT (Metric Tonnes) and the widest distribution infrastructure in the State, INOXAP has been ably performing this critical task of LMO supplies with its fleet of 54 specialized Cryogenic Tankers having a total trunking capacity of 380,000 Litres of Oxygen and through its network of authorized re-fillers.  

Talking about the efforts made by INOXAP, Mr. Siddharth Jain, Director, INOX Group said, “We are extremely thankful to WBMSCL and the Health Ministry for entrusting us with this extremely critical responsibility and for showing faith in our capabilities.  We admire the work done by the Govt of West Bengal in handling the pandemic in the State so far. Oxygen has been an extremely critical element in the treatment and recovery processes for patients infected with COVID19. With our relentless efforts to ensure the supply of Medical Oxygen across the hospitals in the State, we take pride in supporting the Government in this battle.  I would also take this opportunity to commend the efforts made by our team, the employees at the manufacturing units and the brave and fearless drivers, who have been putting in additional efforts to ensure that the supply is not interrupted at any cost. INOXAP is committed towards the State’s and the Country’s battle against this pandemic.”   

In August 2019, INOXAP commissioned a State of the Art Ultra High Purity Cryogenic Medical and Industrial Gases manufacturing unit with a manufacturing capacity of 200 Metric Tonnes per day, in Barjora in Bankura District.

At the country level, INOXAP is supplying almost 60% of Medical Oxygen supplies nationwide. To meet the sustained pan India demand of Medical Oxygen, INOXAP has installed 64 Jumbo Tanks in the past 4 months, at various major COVID hospitals across India with a storage capacity 4 Lakh Litres. Nationally, INOXAP has a dedicated fleet of 550 Transport Tanks and more than 600 Drivers, to facilitate supply to more than 800 Hospitals across India.