Inox Air Products to invest Rs 645 cr to set up 6 production units in India

Industrial gases producer Inox Air Products Ltd, a joint venture between the US-based $7.5-billion Air Products & Chemicals Inc and the Jain family (promoters of the Inox Group), will invest $ 100 million (about Rs 645 crore) to build six new air separation units (ASUs) in India. Air separation unit – a manufacturing plant used to produce industrial gases - separates atmospheric air into its primary components, typically nitrogen and oxygen, and sometimes also argon and other rare inert gases.

“We are very pleased to be able to announce these investments, totalling over $100 million. We are proud to be able