Air Liquide S.A. Plans $2 Billion Investment in India

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Researched by Industrial Info Resources (New Delhi, India)--Air Liquide S.A. (Paris, France), the world's leading air separation company, has lined up an investment of about $2 billion to ramp up production in India over the next 10 years. The investment would be pumped in through the company's Indian subsidiary, Air Liquide India Holding Private Limited (Delhi, India).

Air Liquide India, along with Air Liquide Engineering India Limited (Hyderabad, India), recently commissioned an air separation unit (ASU) and a cylinder-filling station near Pune in Maharashtra. According to the company, the ASU will supply more than 150 tonnes per day of liquid nitrogen and oxygen to the industrial consumers in that area. Air Liquide is also developing a helium filling station of 900,000 cubic meters per year capacity at the same location. The company plans to import helium from its plants in Saudi Arabia.

Apart from the Pune plant, the company has several plants operating in various parts of India. Earlier this year, Air Liquide commissioned a new air separation unit to produce gaseous nitrogen for a new float glass plant, at Jhagadia in Gujarat, owned by Sezal Glass Limited (BSE:532993) (Mumbai, India).

The company also had invested in Kemrock Industries & Exports Limited's (BSE:526015) (Vadodara, Gujarat) nitrogen production unit at a new carbon fiber plant. KIEL is a manufacturer of reinforced polymer composite products. This unit, located near Vadodara in Gujarat, was commissioned in 2010.

Air Liquide S.A. produces oxygen, nitrogen, hydrogen, helium and other inert gases. The company's Indian arm, Air Liquide India Private Limited, began operations in 1992. As the major consumer of industrial gases, such as steel plants, petrochemical units and refineries, the company has lined up major investment plans and continues to expand capacity. The company is eager to expand its hold in the Indian market, and thus has proposed investments of more than $180 million every year for the next 10 years to match the growing demand for industrial gas in the country.

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