Company type | Private |
---|---|
ISIN | INE321A01012 |
Industry | Industrial gases |
Predecessor | Industrial Oxygen Company Private Limited |
Founded | 1963 |
Founder | Devendra Kumar Jain |
Headquarters | , India |
Area served | India |
Key people | Pavan Jain, Siddharth Jain |
Products | |
Revenue | ₹1,558 crore (US$190 million) [1] (2020) |
₹1,783 crore (US$210 million) [2] (2021) | |
₹859 crore (US$100 million) [2] (2021) | |
Owner | Jain family Air Products & Chemicals. |
Parent | Inox Leasing and Finance Limited (49.74%) Air Products & Chemicals (49.74%) |
Website | inoxairproducts |
INOX Air Products, also known as INOX AP, is the India-based industrial gas company. It is a joint venture between INOX Leasing and Finance Limited and Air Products & Chemicals. [3] [4] The company is engaged in the manufacturing, trading, and supply of industrial and medical gases including oxygen, nitrogen, argon, hydrogen, [5] helium, nitrous oxide, acetylene, and specialty gas mixtures. [6]
The company was established by the Jain family in the year 1963, as Industrial Oxygen Company Private Limited in Pune, India. In 1999, Air Products & Chemicals Inc., acquired a 50 percent equity stake in the company, and a new entity was incorporated; INOX Air Products. [7]
The company is headquartered in Mumbai and it operates 44 plants across the country for supplying medical and industrial gases. [8] During the COVID-19 pandemic, the company became one of the largest producers of medical oxygen by supplying it to hospitals across India. [9]
In West Bengal, INOX AP has the largest storage capacity of 1,000 tonnes and the pan-India distribution infrastructure. The company has been supplying medical Oxygen to hospitals in the state using its fleet of 54 specialized cryogenic tankers with a total trunking capacity of 380,000 liters of Oxygen. [10]
It also operates an Ultra-High Purity Cryogenic Oxygen Plant in Modinagar in Ghaziabad district of Uttar Pradesh, [11] a 1,250-tonnes per day (TPD) Air Separation Unit at Bokaro Steel Plant, [12] a three air separation unit of combined 1700 TPD capacity at Hazira in partnership with ArcelorMittal [13] and a 180 TPD Sriperumbudur plant in Tamil Nadu. [14]
As of 2021, the company has a combined capacity to manufacture more than 3,300 tonnes per day (TPD) of liquid gases. [15] The future expansions will push total liquid gases production to 4,800 TPD by 2024. [16]
Belloxy was a joint venture between Linde plc and INOX Air Products. Later as per the directives given by Competition Commission of India, Linde had to divest its shareholding in the JV to address anti-competitive issues which arose due to its proposed merger with Praxair. [17] [18] In 2020, Linde's board approve the sale of Belloxy and the latter became a 100% subsidiary of INOX AP. [17]
In the aftermath of the 2017 Gorakhpur hospital deaths, [19] [20] the company started selling medical oxygen directly to Baba Raghav Das Medical College Hospital but at a 17.5% higher than the previous price, which raised doubts on the new deal. [21] [22]
In 2022, an Appellate Authority for Advance Ruling of Tamil Nadu state ruled against the company and denied input tax credit under the Goods and Services Tax on leasehold rights acquired for the construction of air separation unit in the state. [23]
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg). Arcelor is now part of ArcelorMittal after a takeover by Mittal Steel in 2006.
BOC Limited is a British based multinational, industrial gas company. Formerly listed on the London Stock Exchange, since 2006 it has been a subsidiary of Linde plc.
Carl Paul Gottfried von Linde was a German scientist, engineer, and businessman. He discovered the refrigeration cycle and invented the first industrial-scale air separation and gas liquefaction processes, which led to the first reliable and efficient compressed-ammonia refrigerator in 1876.
An oxygen concentrator is a device that concentrates the oxygen from a gas supply by selectively removing nitrogen to supply an oxygen-enriched product gas stream. They are used industrially, to provide supplemental oxygen at high altitudes, and as medical devices for oxygen therapy.
Linde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the world's largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, material handling equipment (MHE), chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene.
Bokaro, officially known as Bokaro Steel City, is a large and planned city in Jharkhand, India. It is the fourth most populous city in the state and one of the first planned cities of India. Bokaro is the administrative headquarters of Bokaro district. The city is located on the banks of Garga River and on the fringes of Bokaro river and is surrounded by hill ranges at Giridih and Ramgarh districts. It is one of the most peaceful cities in India. As per 2011 census, the city's population was 563,417 and 1,100,000 of its metropolitan area. The city span across 183 km in geographic area.
Air Liquide S.A. is a French multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers. Founded in 1902, after Linde it is the second largest supplier of industrial gases by revenues and has operations in over 70 countries. It has headquarters at the 7th arrondissement of Paris. Air Liquide owned the patent for Aqua-Lung until it expired.
Liquefaction of gases is physical conversion of a gas into a liquid state (condensation). The liquefaction of gases is a complicated process that uses various compressions and expansions to achieve high pressures and very low temperatures, using, for example, turboexpanders.
Industrial gases are the gaseous materials that are manufactured for use in industry. The principal gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene, although many other gases and mixtures are also available in gas cylinders. The industry producing these gases is also known as industrial gas, which is seen as also encompassing the supply of equipment and technology to produce and use the gases. Their production is a part of the wider chemical Industry.
Praxair, Inc. was an American worldwide industrial gases company. Founded in 1907, Praxair was the largest industrial gases company in North and South America, and the third-largest worldwide by revenue. In 2018 it merged with Linde AG to form Linde plc. The Praxair name was discontinued on September 1, 2020 in the US.
Rajiv Gandhi Government General Hospital is a major state-owned hospital situated in Chennai, India. The hospital is funded and managed by the state government of Tamil Nadu. Founded in 1664 by the British East India Company, it is the first modern hospital in India. In the 19th century, the Madras Medical College joined it. As of 2018, the hospital receives an average of 12,000 outpatients every day.
Kion Group AG is a German multinational manufacturer of materials handling equipment, with its headquarters in Frankfurt, Hesse, Germany. Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks. Kion Group was founded in 2006 by the demerger of Linde's materials handling equipment operations. It is the world's second-largest manufacturer of forklifts measured by revenues.
Mox-Linde Gases Sdn. Bhd. was a Malaysian industrial gases company. Established in 1960, MOX specializes in providing total gas solutions, namely manufacturing and distributing industrial, special and medical gases, installations of gas equipment, pipelines and engineering services. MOX also offer packaged chemicals, welding and consumables products.
An air separation plant separates atmospheric air into its primary components, typically nitrogen and oxygen, and sometimes also argon and other rare inert gases.
A cryogenic gas plant is an industrial facility that creates molecular oxygen, molecular nitrogen, argon, krypton, helium, and xenon at relatively high purity. As air is made up of nitrogen, the most common gas in the atmosphere, at 78%, with oxygen at 19%, and argon at 1%, with trace gasses making up the rest, cryogenic gas plants separate air inside a distillation column at cryogenic temperatures to produce high purity gasses such as argon, nitrogen, oxygen, and many more with 1 ppm or less impurities. The process is based on the general theory of the Hampson-Linde cycle of air separation, which was invented by Carl von Linde in 1895.
Matheson Tri-Gas, Inc. produces industrial, medical, and specialty gases, and associated gas handling equipment, in North America. MATHESON offers semiconductor, medical, welding, atmospheric gases, rare gases delivered via pipelines, onsite generators, bulk tanks, and in gas cylinders to customers using gases in their labs, semiconductor fabs, hospitals, chemical plants, manufacturing and many other processes. Furthermore, MATHESON also designs and manufactures gas purification systems, generators, delivery systems, filters, gas purifiers, detection equipment, control valves, and management accessories; and gas cylinder enclosures, source manifolds, and panels, as well as helium recovery solutions. In addition, the company provides support, engineering, and systems management services to analytical laboratories and semiconductor manufacturers worldwide.
Jamshedpur is the largest urban conglomeration in the state of Jharkhand, India and is also the first well-planned industrial city of India, founded by late Jamshedji Nusserwanji Tata. It is also known as Steel City and Tatanagar or simply Tata. In terms of economy Jamshedpur has second largest economy after Dhanbad in Jharkhand.
Essar Steel was a common name of the steel manufacturing companies of the Essar Group of Companies. Its main subsidiary was Essar Steel India Limited, a fully integrated flat carbon steel manufacturer based in Mumbai, which owned and operated a integrated steel plant in Hazira, Surat district of Gujarat state. In addition, it had also a beneficiation plant at Bailadilla, Chhattisgarh, and pellet plants at Visakhapatnam, Andhra Pradesh, and Paradeep, Odisha.
Nippon Sanso Holdings Corporation, commonly known as NSHD, is a Japanese multinational industrial gas manufacturer incorporated in the year 1910 as Nippon Sanso Corporation. The company was founded in 1918.
Oxygen Express was a series of long- and short-haul train services jointly operated by the Ministry of Railways and Indian Railways to overcome a severe shortage of medical-grade oxygen by supplying to various hospitals in different parts of India and Bangladesh during the second-wave of COVID-19 pandemic in India.