Cryogenic storage, distribution and re-gas solutions provider INOXCVA, has initiated the construction of its Rs 200 crore manufacturing facility at Savli in Vadodara, Gujarat.

The greenfield project spread over 30 acres, will have the capacity to fabricate over 20,000 MT per year of stainless steel equipment, thereby making it India’s largest cryogenic equipment manufacturing facility. It will bring in an investment of Rs 200 crore and generate employment opportunities in the state.

The facility will produce over 2500 cryogenic equipment annually, which is equivalent to doubling the cryogenic equipment manufacturing capacities of the entire cryogenic industry in the country.

Once commissioned, the facility will enhance the production capacity for cryogenic tanks which offers numerous green fuel applications for liquid hydrogen and LNG. Moreover, this will build improved capabilities in providing storage and transportation solutions for cryogenic gases like liquid nitrogen, liquid argon, liquid carbon dioxide and liquid medical oxygen. This, in turn, will create an improved medical infrastructure in India, while also aiding India’s green energy adoption.

Cryogenic tanks store natural gases and can store the materials at the right temperature and pressure to enable transportation.