Linde India has received an approval from the Board to enter into a joint venture (JV) with Praxair India, with both Linde India and Praxair India holding 50% of the total issued and paid up share capital of the Joint Venture Company which will provide Operation and Management (O&M) Services to both Linde India and Praxair India.
The Board of the Company has also approved of Linde India entering into an O&M Services Agreement with Joint Venture Company. The Board has also approved additional investment of Rs 1.995 crore into the Joint Venture Company by way of additional equity subscription, with a view to maintain 50:50 stake in the Joint Venture Company.
Linde India, formerly BOC India, is a member of The Linde Group. The Company is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects. Its segments include gases and related products and Project Engineering.