Cryogenic liquid
storage, distribution and re-gassification solutions provider InoxCVA will set
up a manufacturing facility in Vadodara with an investment of Rs 200 crore. The 20,000 tonne per annum plant will come
up at Savli, and will be the company’s largest unit, according to a statement
on Thursday 30 March.
The ground-breaking for the
project follows anMoU signed by the company with the Gujarat government last
month.
Siddharth Jain, a
director of the company, claimed the 30-acre unit will double the present
domestic cryogenic equipment manufacturing capacity.
The Greenfield
project will fabricate over 20,000 tonnes of stainless steel equipment per
annum and will be also able to produce over 2,500 cryogenic equipment annually,
Jaini said.
Cryogenic tanks have numerous
green fuel applications for liquid hydrogen and LNG, among others.