Business news update

1) 13th September ,2014 – Order received for Nitrogen compression and supply system from MSPL

Airgases Projects receives its first order for Design, Supply, installation & commissioning of Nitrogen compression and supply system at its oxygen plant at VISL Bhadravati

2) 12th September 2014- Technical collaboration signed with COSTAIN PLc UK

Airgases Projects signed collaboration agreement with COSTAIN PLcfor undertaking projects related to Cryogenic Nitrogen Generators . Under the terms of this collaboration COSTAIN PLc is making available to Airgases Projects, under a license, technical know-how to enable Airgases Projects undertake design, manufacture and installation of high purity nitrogen generators (famous Petrocarbon Technology) as well as Cryogenic Air Separation Unit. As per agreement COSTAIN PLc provides performance guarantees of these plants offered by Airgases Projects.

3) 27th November 2014, Technical tie up with Sumitomo Seika Chemicals

Airgases Projects has made technical tie up with Sumitomo Seika Chemicals, Japan to manufacture VPSA oxygen plants by physical separation using adsorption technology. The agreement also includes supply of package hydrogen plants. Under the agreed execution philosophy, for VPSA plants Sumitomo provides to Airgases Projects design package as well as supply critical items such as molecular sieves, switching valves, feed air blower and vacuum pumps etc. Airgases Projects also undertake detail engineering of the plant as well as supply of all rest of equipment, piping, electrics, instrumentation and control system. Airgases would also undertake 3D modelling of the plant on PDS and provide site supervision for erection, testing and commissioning. Sumitomo provides performance guarantees of the plant built by Airgases Projects in association with them.

4) 20th December 2014 –Technical tie up agreed with Oxymat, Denmark

Airgases Projects has agreed a technical tie up with Oxymat, Denmark to set up various Medical oxygen plants using adsorption technology via PSA process. This will revolutionise the concept of supply of medical oxygen in India as this not only reduces cost of oxygen by 65% but also provides improved reliability as now the plant will produce oxygen whenever hospital needs and in the quantity it needs. Under the agreed execution philosophy Oxymat provides to AirgasesProjectsknowhow and core PSA unit. Airgases Projects undertakes engineering of rest of plant and supplies compressors, dryers, vessels, electrics and instrumentation sourced in India and would carry out integration of full system as well as installation & commissioning. Airgases Projects would also take care of after sales services during lifecycle of the plant. Oxymat provides performance guarantees of the plant built by Airgases Projects in association with them.

5) 21st January ,2015 – Order received for Supervision services for construction of Large cryogenic storage tanks

Airgases Projects receives its second order to provide site supervision services to build 6 NosLarge liquid oxygen and liquid nitrogen flat bottom cryogenic storage tanks at DTA/ SEZ and MEG plants of Reliance Industries, Jamnagar. The tank materials are to be supplied by Hangyang China and Airgases to ensure the tanks are built to API standards.

6) 9th March ,2015 –Order received for Medical Oxygen PlantfromHealth Point Nursing Home

Airgases Projects receives its third order to set up a Medical oxygen plant from M/S Health Point Nursing Home Kolkata. The scope of work under the PO consists of design, engineering, Supply , Erection & Commissioning of 10 SM3/hrMedicalOxygenPlantat its nursing home. This will be first medical oxygen plant to be set up by Airgases Projects under technical tie up with Oxymat, Denmark.

7) 14th September, 2015 – Order received for PSA Oxygen plant from Asian Exports

Airgases Projects receives another order to set up a PSA oxygen plant from M/S Asian Exports Kolkata for oxygen enrichment in their fishery to increase productivity and quality. The scope of work under the PO consists of design, engineering, Supply , Erection & Commissioning of a PSA 0xygen plant.

8) 24th September 2015 - Technical tie up agreed with SIAD MacchineImpiante , Italy

Airgases Projects has agreed for a technical tie up with SiadMacchineImpiante (SIAD),Italy for undertaking projects related to Cryogenic Air Separation Units in Indian market. Under the terms of this agreement Airgases Projects &SIAD will make joint bids in Indian market for cryogenic air separation units. As per this tie up, scope split shall be agreed between two partners on project to project basis to enable combination to be price competitive and yet offer SIAD quality plant with SIAD providing performance guarantees of these plants.

9) 11th December, 2015 –First Medical oxygen plant commissioned

Airgases Project has successfully commissioned 10 SM3/hrMedical oxygen plant M/S Health Point Hospitals at Ranchi. This plant was first supplied at Health Point Nursing Home Kolkata but later was shifted to itsanother hospital at Ranchi. The plant has met all performance parameters including production, purity and pressure.

10) 27th January 2016 – Large Order received of 75 tpd ASU from Premier Cryogenics, Guwahati

Momentof big achievement.In a major breakthrough Airgases Projects in association with SIAD MacchineImpiantisigned contract with Premier Cryogenics, Guwahati for setting up a 75 TPD air Separation Unit to produce liquid oxygen and liquid nitrogen. The plant shall be set up at Samaguri, near Guwahati. This was first ASU order SIAD ever received in Indian market for which Airgases Projects played a vital role. Under this contract SIAD & Airgases Projects are supplying SL75 plant which is a SMART LIQUID. This is first SMART LIQUID plant order ever received by SIAD. The SMART LIQUID plants are pre-engineered and modular construction plants where plant is supplied in 5-6 modules which can be quickly set up at site, reducing construction time considerably.The scope of work under this project shall consist of design, engineering, manufacture and Supply of plant as well as supervision of erection & commissioning of the plant. This order was received against stiff international competition due to cost competitiveness and low specific power consumption.

11) 9th February ,2016 – Order received for Medical Oxygen Plant from RSV Hospital , Kolkata

Airgases Projects receives another order to set up a Medical oxygen plant from M/S RSV Hospital Kolkata. The scope of work under the PO consists of design, engineering, Supply, Erection & Commissioning of 7.8 SM3/hr Medical Oxygen Plant at its nursing home. This will be second medical oxygen plant to be set up by Airgases Projects under technical tie up with Oxymat, Denmark.

12) 23rd March ,2016 –Internal kick off meeting with SIAD held at Colombo for SL75 project

A formal project kick off meeting with SAID team was held at Colomobo, Srilanka. The SAID team consisted of Project leader Mr David Duse and Mr Luca Manzotti and from Airgases Projects Mr H M Bengani attended the meeting.The kick off meeting provided an opportunity to clarify various technical issues as well as agreed detailed execution plant including submission of design documentation.

13) 29thApril,2016 –Very large order received from HMEL Bathinda Refinery for 146 TPD VPSA Oxygen Plant

A proud moment for Airgases Projects.In a major breakthrough, against stiff international competition, Airgases Projects in association with Sumitomo Seika Chemicals have received order from HPCL – Mittal Energy Limited (HMEL) for setting up a 146 TPD VPSA oxygen plant to provide oxygen required for Sulfur recovery unit at Bathinda Refinery. Engineers India Limited (EIL) are PMC for the projects.This would be the largest VPSA oxygen plant set up in India. The scope of work under this project shall consist of design, engineering, manufacture and Supply of plant as well as supervision of erection & commissioning of the plant. The project is to be executed in 10 months from date of letter of acceptance.

14) 21st May ,2016 - Kick of Meeting for 146 TPD VPSA Project with customer held

In order to meet aggressive delivery schedule, HMEL VPSA projects execution has been taken up by both Sumitomo and Airgases project in right earnest. Some critical basic drawing documents and PFD have been submitted and project kick off meeting was attended by delegation from Sumitomo team consisting of Mr T. Chiba, Mr Tadanori Hashimoto and Ms Yuka Tsujita and Airgases Projects team consisting of Mr H M Bengani, Mr LB Arnab and Mr JashimMollah at Bathinda refinery of HMEL. The road journey from Delhi to Bathinda allowed Japanese team to have first had view of India. The meetings were attended by large team from HMEL as well as Engineers India Limited as PMC. The meeting were very useful in discussing and resolving some of critical issues, most important being freezing the plant layout in new plant location. A site visit was also made to physically look at plant configuration and plot plan.

15)23rd May ,2016 –Internal kick off meeting with Sumitomo team held at Airgases Projects offices

As a follow up to kick off meeting with HMEL at Bathinda, internal kick off meeting was held at office of Airgases projects at Kolkata for discussions regarding progress of 146 TPD VPSA Oxygen generator project for HMEL ,Bhatinda.TheSumitomo team consisting of Mr T. Chiba, Mr Tadanori Hashimoto and Ms Yuka Tsujita and Airgases Projects team consisting of Mr H M Bengani, Mr LB Arnab and Mr JashimMollah as well as specialists from Mechanical and instrumentation department.

16) 19th September,2016 - Hazop meeting conducted for 146 tpd VPSA Oxygen plant for HMEL

Another major milestone accomplished in execution of 146 tpd VPSA Oxygen plant project for HMEL. The Hazop review of process and P&ID’s were conducted at Bathinda attended by Sumitomo team team consisting of Mr Tadanori Hashimoto&Ms Yuka Tsujita and Airgases Projects team consisting of Mr H M Bengani, Mr LB Arnab and Mr JashimMollah and team from Kwangshin Korea as well as large team from HMEL& Engineers India Limited the PMC. After in depth review of various hazards involved in the process an action report was prepared and further remedial action plan was agreed upon.

17) 27th September,2016 - Visit of SIAD team to Airgases office for project review of SL75 Project

Halfway through execution of project a project review meeting was held at office of Airgases Projects. The meeting was attended from SAID side by Mr David Duse, Mr Paolo Imbrogo and Mr Ettore Norris and from Airgases Projects side by Mr H M Bengani, Mr ShardulKhandelwal, Mr SushantaChowdhury and Mrs Ruby DeyBiswas. A thorough review of progress was done including issues holding up project from customer side. An action plant was agreed for further progress and resolution. The team later visited Guwahati to have detailed review with project team of customer progress to resolve outstanding issues.

18) 20th June ,2016 –cutomer in South India awards project of Gas compressing and purification system

A proud moment indeed for Airgases Projects. In a major breakthrough, the customer in South India awarded a very large projectof setting up Gas compressing and purification system at Kalpakam on a total turnkey basis. Award of this project is testimony of capabilities of Airgases to execute large complex projects for research institutes.

19) 22nd July, 2016 –Commissioning of second medical oxygen plant at RSV Hospital , Kolkata

Airgases Project has successfully commissioned a 7.8SM3/hr Medical oxygen plant M/S RSV Hospital at Kolkata. The plant has met all performance parameters including production, purity and pressure. This is second medical oxygen plant set up by Airgases Projects after first one for Healthpoint Nursing home at Ranchi.

20) February – April 2017 Major despatches made to Premier Cryogenics, Assam for SL75 Plant

– 14th February, 2017 –All process vessels Air Water Tower, N2-H2O Tower and Prepurifier vessels despatched from our works KaakateeyaFabsVizag. These vessels were manufactured under third party inspection agency.

– 23rd February, 2017 –The main air compressor after performance testing and inspection by Buyer was despatched from Narora works of Ingersoll Rand. – 20th April, 2017–The pre-purifier skid manufactured under close supervision and inspection from SIAD experts was despatched from our works KaakateeyaFabsVizag.

21) 29th April 2017–Order for supply of Oxygen Service Fire breakers from Bhushan Power & Steel Ltd

An order has been received from Bhushan Power & Steel Ltdfor Design, Engineering and Supply of large number of oxygen service Fire breakers to be installed on oxygen pipelines in the steelworks.

22) 10th December, 2017 – Fabrication & erection of large Cryogenic storage tanks completed at Reliance

After almost three years of continuous site supervision provided by senior experts construction of 6 NosLarge liquid oxygen and liquid nitrogen cryogenic flat bottom storage tanks has been completed to the satisfaction of Reliance Industries. These tanks have been set up at DTA/ SEZ and MEG plants of Reliance Industries, Jamnagar.

23) 16th March , 2018– Commissioning & performance test of SL75 plant at Premier Cryogenics

A momentous occasion in the history of the company when we have successfully commissioned large cryogenic Air Separation unit ( 75 tpd LOX/LIN plant – SL75) supplied to Premier Cryogenics at Samaguri, near Guwahati, Assam. Indeed a big feather in the cap of the TEAM AIRGASES. The plant meets all its contractual guarantees and final acceptance obtained from customer. This proves on the ground capabilities of Airgases to successfully execute such large projects.

24) 6th May, 2018– Commissioning & performance test of 146 tpd VPSA plant at Guru Gobindsingh Refinery of HMEL at Bathinda

Yet another momentous occasion in the history of the company when we have successfully commissioned large VPSA oxygen plant of 146 tpd capacity at Guru Gobind sigh Refinery of HMEL at Bathinda. A large team from Airgases Projects worked round the clock with team from Sumitomo Japan and Kwangshin Korea to successfully commission the plant. Soon thereafter plant performance test was conducted for continuous 72 hours and plant was found to perform better than guarantees on all parameters including production, purity and power consumption.

It is worth noting that on this date this is largest VPSA plant operating at any refinery in India and first one used for sulphur recovery unit of a refinery. Kudos to TEAM AIRGASES for this fantastic achievement.

25) 4th June, 2018– First export order received by the company

Yet another big moment in history of the company !!! Today we received an order from large Chemical Conglomerate from Taiwan M/s CHI MEI Corporation of Taiwan to undertake plant health assessment study of a cryogenic nitrogen generator supplied to them by Costain some 20 years ago. This will be followed up by our recommendations to relife and upgrade the plant. We expect to be awarded that contract too. AIRGASES TEAM has indeed now taken wings to fly.