Chennai: Maruti Suzuki India Ltd said it has 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,” the carmaker said.
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.
Reliance Retail also made two e-commerce acquisitions in 2020, buying Vitalic Health and its online pharmacy platform Netmeds in August, and a 96 per cent stake in online home decor company UrbanLadder in November.