Linde India rises on plan to invest Rs 500 crore in Andhra Pradesh

05 May 2016

Linde India is currently trading at Rs. 266.10, up by 0.45 points or 0.17% from its previous closing of Rs. 265.65 on the BSE.

The scrip opened at Rs. 265.00 and has touched a high and low of Rs. 267.35 and Rs. 265.00 respectively. So far 238 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. 270.70 and Rs. 261.00 respectively. The current market cap of the company is Rs. 2265.58 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 is reportedly planning to invest Rs 500 crore in Andhra Pradesh. The industrial gases major is in advanced stage of discussions and expect financial closure for the proposed projects before end of this year.

The group had earlier announced its plans to set up an air separation plant and a lab for food processing industry for cryogenic freezing.

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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