Indian multinational and one of the world’s leading Cryogenic Liquid Storage, Distribution and Re-Gas solutions provider, INOXCVA, has commenced the construction of its latest manufacturing facility at Savli in Vadodara, Gujarat. The ground-breaking ceremony was presided over by Siddharth Jain, Director – INOXCVA, marking the beginning of the project. The ceremony follows the signing of Memorandum of Understanding (MoU) that INOXCVA signed with the Government of Gujarat on 20th February, 2023, in the presence of Hon’ble Chief Minister of Gujarat, Bhupendra Patel.
The green-field project, spread over a land parcel of 30 acres, would take shape as India’s largest cryogenic equipment manufacturing facility with the ability to fabricate over 20,000 MT per year of Stainless Steel equipment. With its magnificent and advanced design, engineering and fabrication capabilities, the new facility will also produce more than 2500 cryogenic equipment every year, doubling the cryogenic equipment manufacturing capacities of the entire cryogenic industry in the country, while accelerating India’s green energy adoption with its advanced cryogenic solutions.
Once commissioned, the state-of-the-art manufacturing facility, built with an investment overlay of ₹200 Cr, will enhance the manufacturing capacity for Cryogenic Tanks having numerous green fuel applications for Liquid Hydrogen and LNG. The development would also enhance the manufacturing capacity for storage & transportation solutions for cryogenic gases like Liquid Nitrogen, Liquid Argon, Liquid Carbon Dioxide and Liquid Medical Oxygen, which would help strengthen the medical infrastructure of India.
Commenting on the major milestone in INOXCVA’s history, Siddharth Jain, Director – INOXCVA said, “This ground-breaking ceremony marks a significant moment for INOXCVA, and reaffirms our commitment towards strengthening of Cryogenic infrastructure in India and adding speed to the country’s transition to a greener and cleaner economy. We are truly inspired with the support received from the Government of Gujarat, which has enabled us to plan India’s largest establishment for cryogenic equipment manufacturing of this size and scale in Vadodara. This state-of-the-art plant will usher in a sizeable investment of ₹200 Cr and generate numerous employment opportunities in the state, while ushering in an inclusive economic growth for the region. We look forward to have the facility commissioned within the stipulated timelines, and are excited about the possibilities it will unlock in India’s green journey.”