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    MARUTI   INE585B01010

MARUTI SUZUKI INDIA LTD

(MARUTI)
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Maruti Suzuki India : boosting manufacturing of Oxygen PSA generator plants

05/10/2021 | 11:12am EDT

New Delhi: Maruti Suzuki India Ltd. (MSIL) realised the critical importance of rapidly installing Oxygen PSA plants, both to produce life-saving oxygen as well as reduce the immense logistical problems. It was found that these plants are being made by small scale units with very limited resources or ability to scale-up production. We located two companies in the NCR area, Airox Nigen Equipments Pvt Ltd and SAM Gas Projects Pvt Ltd. They were flooded with orders but had a capacity to manufacture only 5-8 plants a month. We decided to use our resources to help scale-up their production.

MSIL started talking to them from the 1st May and quickly reached an understanding with them. While technology, quality and performance, as well as all commercial matters, would remain the responsibility of the two companies, MSIL and its vendors would use their capabilities to rapidly scale up production. MSIL's involvement would be on a no profit basis.

Airox has its factory in Ahmedabad and SKH Metals, a vendor, is working with them. MSIL has been able to arrange new sources for Zeolite, an imported material and critical for a PSA plant. This will be airfreighted. Compressors are another important bought-out component. Airox has already reached an output of one PSA plant a day and this number will be rapidly scaled up to 4 per day within May itself. Output in May is expected to be 50-60 plants.

SAM Gas Projects Pvt Ltd is being assisted by our vendor JBML. MSIL is helping with all critical inputs. This company is expected to produce 20-30 plants in May.

MSIL and its vendors will procure oxygen plants from these two companies and donate them for medical use.

A separate MSIL team is working to ensure that the plants when produced are installed and commissioned as fast as possible.

The top management of MSIL is involved in coordinating and monitoring this activity and hopes that it will make some difference in the national fight against COVID.

Issued by:

Corporate Communication,

Maruti Suzuki India Limited,

1, Nelson Mandela Road,

Vasant Kunj, New Delhi

Ph: + 91 11 4678 1000

Email: corp.comm@maruti.co.in

Website: www.marutisuzuki.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MARUTI SUZUKI INDIA LTD 1.27% 7527.45 Delayed Quote.-2.84%
SUZUKI MOTOR CORPORATION 0.66% 4713 End-of-day quote.-1.44%
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Financials
Sales 2021 697 B 9 395 M 9 395 M
Net income 2021 47 561 M 641 M 641 M
Net cash 2021 388 B 5 229 M 5 229 M
P/E ratio 2021 48,1x
Yield 2021 0,71%
Capitalization 2 274 B 30 660 M 30 668 M
EV / Sales 2021 2,71x
EV / Sales 2022 2,09x
Nbr of Employees 15 945
Free-Float 43,6%
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NameTitle
Kenichi Ayukawa Chief Executive Officer, Executive Director & MD
Ajay Seth CFO & Senior Executive Officer-Finance
Ravindra Chandra Bhargava Non-Executive Chairman
Rajesh Uppal Senior Executive Officer-Human Resources & IT
Sanjeev Grover Secretary, Vice President & Compliance Officer
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