InvestorQ : Why is INOX Air Products planning to invest Rs.2,000 crore to expand its operations?
Dilmini Mercia made post

Why is INOX Air Products planning to invest Rs.2,000 crore to expand its operations?

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Dawn Cherian answered.
3 months ago
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Inox Air Products is the industrial and medical gases business division of the Inox Group. The company specializes in cutting gases used in high-power industrial use. Inox Air Products will now be investing Rs.2,000 crore to augment capacity by to 150% of the current level and this will include eight new air separation units across India over the next 3 years.

What is interesting in this context is that this will be the largest greenfield investment coming up in the industrial gases sector in the country. The company hopes to be ready in time to cater to the rising industrial demand. The expansion will entail an addition to the current 44 plants and also ramp up liquid medical oxygen capacity by 50% and overall capacity to a level of 4,800 tonne per day.

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