Industrial, medical gas maker setting up ₹250 cr plant in Kurnool
The Hindu
Ellenbarrie promoters re-acquire 51% stake from Japanese firm Air Water
Ellenbarrie Industrial Gases is setting up a manufacturing facility in Kurnool with an investment of ₹250 crore that will double the industrial and medical gas firm’s capacity and help cater to the growing demand from Andhra Pradesh, Telangana and Karnataka. A greenfield project, it will make aragon, nitrogen and oxygen, said Varun Agarwal, Executive Director. The plant capacity will be 600 tonnes a day or as much as the firm has across facilities in West Bengal, Visakhapatnam and Hyderabad at present. While demand for medical oxygen has come down after the surge during second wave of the COVID-19 pandemic, that for industrial gases is on the rise. Pharmaceutical industry in particular is driving the demand by setting up new units. Also, many hospitals who were meeting their requirement from the unorganised sector, primarily distributors, are keen on tying up with large firms to ensure reliability in supplies, Mr.Agarwal said, in an interaction following Ellenbarrie announcement on the Kurnool plant as well as on the firm’s promoters re-acquiring 51% stake from a Japanese firm.
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