Linde India rises on commencing commercial production at 2nd Air Separation Unit at Kalinganagar

26 Apr 2016

Linde India is currently trading at Rs. 269.00, up by 2.20 points or 0.82% from its previous closing of Rs. 266.80 on the BSE.

The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 270.00 and Rs. 268.00 respectively. So far 734 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.90 on 13-May-2015 and a 52 week low of Rs. 240.50 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs. 280.00 and Rs. 266.00 respectively. The current market cap of the company is Rs. 2275.38 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.90% and 8.10% respectively.

Linde India, one of the leading industrial gas manufacturers in India, has commenced commercial production at its 2nd of the two Air Separation Units, which has started gas supplies to Tata Steel’s steel-works at Kalinganagar in state of Odisha.

The company had entered into a long term gas supply contract with Tata Steel for catering to the gases requirement at its Kalinganagar steel works project. Under this contract, the company had undertaken construction of two air separation units with a total capacity of 2,400 tonnes per day at Tata Steel’s premises in Kalinganagar for supplying gases to Tata Steel as well as for additional liquid products for merchant markets.

Linde India is engaged in the businesses of gases and related products and project engineering. The Company operates in two segments: Gases and Related Products and Project Engineering.

 

 

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