Inox Air Products to invest ₹2000 crore to expand capacity
Mumbai: Inox Air Products, India’s largest manufacturer of industrial and medical gases, will invest ₹2,000 crore to build eight new air separation units across the country, a company official said on Friday.
“We already have 44 of these units and we are adding eight more units. We would be funding this expansion through a mix of debt and equity in equal proportion,” said Siddharth Jain, Director, Inox Air Products.
These new plants will be 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.
