Inox Air Products to set up ASUs at Tata Steel's Meramandali Plant
Steel

Inox Air Products to set up ASUs at Tata Steel's Meramandali Plant

Inox Air Products has been awarded a contract by Tata Steel to set up two air separation units (ASUs) at Tata Steel's Meramandali Plant in Dhenkanal district of Odisha. Each ASU will have the capacity to produce 1,800 tonnes of oxygen per day, as well as nitrogen and argon. The ASUs will also be able to produce rare gases. The ASUs will be commissioned with an investment of around ₹1,300 crore. This is Inox Air Products' first collaboration with Tata Steel and will coincide with the steel major's ongoing steel capacity expansion.

Siddharth Jain, Managing Director of Inox Air Products, said, "Our first-ever onsite partnership with Tata Steel marks our largest ever greenfield investment. This facility will also have the largest liquid gases manufacturing capacity at a single location of more than 600 tonnes per day."

Avneesh Gupta, Vice President of TQM and Engineering & Projects at Tata Steel, said, "We are committed to strengthening the operations of our steel works at Meramandali, Odisha."

The ASUs are expected to be commissioned in 2024.

Also Read
Eldeco Housing’s net income surges by 23.72 percent in Q4 FY23
SEBI to regulate providers of fractional ownership in real estate

Inox Air Products has been awarded a contract by Tata Steel to set up two air separation units (ASUs) at Tata Steel's Meramandali Plant in Dhenkanal district of Odisha. Each ASU will have the capacity to produce 1,800 tonnes of oxygen per day, as well as nitrogen and argon. The ASUs will also be able to produce rare gases. The ASUs will be commissioned with an investment of around ₹1,300 crore. This is Inox Air Products' first collaboration with Tata Steel and will coincide with the steel major's ongoing steel capacity expansion. Siddharth Jain, Managing Director of Inox Air Products, said, Our first-ever onsite partnership with Tata Steel marks our largest ever greenfield investment. This facility will also have the largest liquid gases manufacturing capacity at a single location of more than 600 tonnes per day. Avneesh Gupta, Vice President of TQM and Engineering & Projects at Tata Steel, said, We are committed to strengthening the operations of our steel works at Meramandali, Odisha. The ASUs are expected to be commissioned in 2024. Also Read Eldeco Housing’s net income surges by 23.72 percent in Q4 FY23 SEBI to regulate providers of fractional ownership in real estate

Next Story
Infrastructure Energy

Inox Green Signs Agreements For O&M Of 285 MWp Solar Projects

Noida-based Inox Green Energy Services Limited, a leading Indian renewable power operations and maintenance (O&M) service provider, has signed agreements to manage 285 megawatt peak (MWp) of solar projects for two major renewable energy companies. These projects span multiple sites owned by the clients.With this deal, Inox Green’s solar O&M portfolio has grown to approximately one gigawatt within a month of entering the solar O&M segment. The company is part of the INOXGFL Group and a subsidiary of Inox Wind.Inox Green has over four gigawatts of renewable assets under manage..

Next Story
Infrastructure Urban

CMS Info Systems Reports Strong Q4 Revenue Growth at 6%

Mumbai-based CMS Info Systems Limited, a leading Indian business services firm, reported strong financial results for the quarter and year ended 31 March 2025. The company, which provides logistics and technology solutions to banks, retailers, and e-commerce firms, achieved a 6.5 per cent quarter-on-quarter revenue growth in Q4 FY25 to Rs 6,190 million.Key highlights include new order wins worth Rs 5,000 million in Q4, contributing to total annual wins of Rs 12,000 million. Operating cash flow to earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 76 per cent, with c..

Next Story
Real Estate

Kolkata’s luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata’s luxury residential market (Rs 5–10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment’s supply. The average price rose by 6 per cent—from Rs 17,519 to Rs 18,600 per sq ft—while unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?