Rs 37.68-cr incentive for oxygen plant

The government has approved an incentive package of Rs 37.68 crore for M/s Vayu Products Pvt Limited for setting up Haryana’s first medical liquid oxygen plant in Jhajjar district and a captive solar power plant in Ambala district.

The approval was granted at a meeting of the Haryana Enterprise Promotion Board (HEPB), chaired by CM Nayab Singh Saini. The package for the project was approved by the HEPB based on the recommendation of the Executive Empowered Committee. Of the total investment of Rs 125.49 crore, Rs 72.24 crore will be allocated for the oxygen plant and Rs 48.25 crore will be invested in the solar plant.

The board also approved a proposal to extend the investment timeline beyond three years for M/s ATL Battery Technology (India) Private Limited, which is setting up a mega project for manufacturing lithium-ion cells/batteries at IMT Sohna, Nuh district, with an investment of Rs 7,083 crore in two phases.

Haryana Tribune