Maruti Suzuki takes a step forward to boost oxygen supply in current crisis
Maruti Suzuki India Limited (MSIL) has decided to lend a helping hand for the production of oxygen in this critical situation by making available its resources to scale up the production of oxygen.
The company identified the crucial importance of rapidly installing Oxygen PSA plants for the production of life-saving oxygen as well as the reduction of immense logistical problems. The oxygen-producing plants were found out to be made by small-scale units, which had limited resources or ability to increase production. Two companies were identified by Maruti Suzuki in the NCR area namely, Airox Nigen Equipments Pvt Ltd and SAM Gas Projects Private Limited. These companies were filled with orders but had capacity to manufacture only 5-8 plants a month. Additionally, Maruti Suzuki decided to make use of its resources to set up more plants and boost production.
MSIL would be involved on a no-profit basis. Meanwhile, the technology, quality and performance along with commercial matters will be responsibility of Airox Nigen Equipments and SAM Gas Projects. SKH Metals, a vendor of MSIL is working with Airox and JBML, another vendor is working with SAM Gas Projects. In May 2021, the output from Airox is expected to be 50-60 plants whereas SAM Gas Projects to be 20-30 plants. MSIL has been successful in arranging new sources for Zeolite, which is an imported material and critical for a PSA plant. Also, a dedicated MSIL team is working to confirm that the plants when produced are installed and commissioned as early as possible.
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is a subsidiary of the Japanese automotive manufacturer, Suzuki. It sells hatchbacks, sedans, MUVs & SUVs in India via its ARENA and NEXA channels.
On Monday, the share of Maruti Suzuki was trading at Rs 6,720, which is 0.26 per cent up on BSE.