One of the largest makers of cryogenic liquid storage and transport tanks, INOXCVA, a subsidiary of INOX India Ltd, will execute this order, the supply of which is scheduled for 2017 and installation in 2019. What's more, it has created a cryoscientific division focusing on specialized assignments such as the one from the ITER project.
The ITER is an international collaborative project worth Euros 13 billion to be executed over 10 years, being implemented through "in kind" contribution from seven partners, namely, China, EU, India, Japan, Korea, Russia and USA. Upon completion ITER will be the world's largest experimental facility to demonstrate the scientific and technical feasibility of fusion power.
More From This Section
According to Parag Kulkarni, director and Chief Executive Officer (CEO) of INOXCVA, the company was one of the only two global suppliers that were selected to present a prototype for the project. "We successfully demonstrated our cryo-scientific technology and qualified for a global competitive bidding which we won," said Kulkarni. With a turnover of Rs 1000 crore, INOX India has a product range that covers industrial gas, oil, gas field equipment, and liquefied natural gas.
The supply of the equipment to France will require around 100 containers to be shipped for the project that will see pipeline length of around 2 kms.
ITER India, which is a part of the Institute for Plasma Research located at Gandhinagar, Gujarat, is the nodal agency responsible for the Indian portion of the project.