CHENNAI: The Tamil Nadu government on Saturday announced a clutch of MoUs with investments in electric vehicles and medical oxygen.
According to Guidance Tamil Nadu, electric vehicle company Ola Electric signed an MoU with the state government for investments worth Rs 7,614 crore. The project comprises an EV cell plant and an electric four-wheeler plant to be set up in SIPCOT Bargur in Krishnagiri district, generating employment for up to 3,111 people.
As part of the MoU, Ola will set up an EV Hub which will house advanced cell and electric vehicle manufacturing facilities, vendor & supplier parks, and the larger ancillary ecosystem for EVs at a single location. Located in Krishnagiri and Dharmapuri districts of Tamil Nadu, the Ola EV Hub will be the world’s largest EV facility in a single location, spread across approximately 2,000 acres, said the company in a statement.
Bhavish Aggarwal, CEO, Ola, said, “Our aim is to localize all critical elements of the EV value chain and Ola’s EV Hub would bring the entire EV ecosystem under one roof making us a much stronger vertically integrated mobility company across two and four wheelers and cells.”
The MoU was signed in the presence of chief minister M K Stalin. Ola will begin the mass production of its cell from its upcoming EV Hub by 2023 and over the next decade and will focus on building local supply chains for new materials and components including rare-earth magnets, power electronics, semiconductors, lithium processing, and electrode production from minerals like graphite and nickel.
The CM inaugurated a new ultra-high purity cryogenic medical oxygen and industrial gases plant, commissioned by INOX Air Products (INOXAP) at SIPCOT Phase II in Hosur, with a manufacturing capacity of 200 tonne per day (TPD). INOXAP is India’s largest manufacturer of industrial and medical gases with a liquid medical oxygen production capacity of 3400 TPD across its 47 operating locations. The air separation plant, which was commissioned in just 20 months, will produce ultra-high purity cryogenic medical oxygen and industrial gases including liquid nitrogen and liquid argon.
With a potential to produce 150 metric tonne of liquid oxygen per day, the plant now takes INOXAP’s current liquid oxygen manufacturing capacity in the state from 150 metric tonne to 300 metric tonne per day. The new plant will help fulfil the oxygen demand of more than 100 hospitals in the state of Tamil Nadu, as well as cater to the industrial gases needs of various industries.
Commissioned with a project outlay of Rs 150 crore, the new plant will also generate 150 direct and indirect employment opportunities in the state.
Siddharth Jain, director – INOX Air Products, said, “This latest addition enhances our ability to ensure a continuous supply of medical oxygen, support the state’s healthcare infrastructure, create employment opportunities, and contribute to the state’s overall economic growth.”
According to Guidance Tamil Nadu, electric vehicle company Ola Electric signed an MoU with the state government for investments worth Rs 7,614 crore. The project comprises an EV cell plant and an electric four-wheeler plant to be set up in SIPCOT Bargur in Krishnagiri district, generating employment for up to 3,111 people.
As part of the MoU, Ola will set up an EV Hub which will house advanced cell and electric vehicle manufacturing facilities, vendor & supplier parks, and the larger ancillary ecosystem for EVs at a single location. Located in Krishnagiri and Dharmapuri districts of Tamil Nadu, the Ola EV Hub will be the world’s largest EV facility in a single location, spread across approximately 2,000 acres, said the company in a statement.
Bhavish Aggarwal, CEO, Ola, said, “Our aim is to localize all critical elements of the EV value chain and Ola’s EV Hub would bring the entire EV ecosystem under one roof making us a much stronger vertically integrated mobility company across two and four wheelers and cells.”
The MoU was signed in the presence of chief minister M K Stalin. Ola will begin the mass production of its cell from its upcoming EV Hub by 2023 and over the next decade and will focus on building local supply chains for new materials and components including rare-earth magnets, power electronics, semiconductors, lithium processing, and electrode production from minerals like graphite and nickel.
The CM inaugurated a new ultra-high purity cryogenic medical oxygen and industrial gases plant, commissioned by INOX Air Products (INOXAP) at SIPCOT Phase II in Hosur, with a manufacturing capacity of 200 tonne per day (TPD). INOXAP is India’s largest manufacturer of industrial and medical gases with a liquid medical oxygen production capacity of 3400 TPD across its 47 operating locations. The air separation plant, which was commissioned in just 20 months, will produce ultra-high purity cryogenic medical oxygen and industrial gases including liquid nitrogen and liquid argon.
With a potential to produce 150 metric tonne of liquid oxygen per day, the plant now takes INOXAP’s current liquid oxygen manufacturing capacity in the state from 150 metric tonne to 300 metric tonne per day. The new plant will help fulfil the oxygen demand of more than 100 hospitals in the state of Tamil Nadu, as well as cater to the industrial gases needs of various industries.
Commissioned with a project outlay of Rs 150 crore, the new plant will also generate 150 direct and indirect employment opportunities in the state.
Siddharth Jain, director – INOX Air Products, said, “This latest addition enhances our ability to ensure a continuous supply of medical oxygen, support the state’s healthcare infrastructure, create employment opportunities, and contribute to the state’s overall economic growth.”
