Inox Air plans to foray into green hydrogen business

Inox Air Products Ltd, India’s largest manufacturer of industrial and medical gases, plans to tap the equity market to finance an expansion into green hydrogen.

India has announced a National Green Hydrogen Mission to create 5 million tonnes of capacity by 2030, as it aims to become a world leader in green hydrogen.

Inox Air plans to invest ₹3,000 crore across its nine sites in the next two to three years, most of it in the first two years.