INOX Air to set up $3-bn plant in Maha

Mumbai: The Maharashtragovernment has signed an MoU with INOX Air Products group in Davos to set up a mega-plant to produce green ammonia in the State, an official said here on Tuesday. The plant, with a capacity of 500,000 tonnes per annum, will be set up with a planned outlay of $3 billion, and will be commissioned within three to five years, though the location where it will come up is not yet clear.

The MoU was inked in the presence of Chief Minister Eknath Shinde, Industry Minister Uday Samant, Principal Secretary, Industry, Dr Harshdeep Kamble and INOX Group Promoter and Director Siddharth Jain, besides other officials.