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Linde India shines on getting nod for JV with Praxair India

25 Mar 2020 Evaluate

Linde India is currently trading at Rs. 451.95, up by 20.95 points or 4.86% from its previous closing of Rs. 431.00 on the BSE.

The scrip opened at Rs. 428.00 and has touched a high and low of Rs. 469.00 and Rs. 416.25 respectively. So far 935 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 801.00 on 20-Feb-2020 and a 52 week low of Rs. 378.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 484.85 and Rs. 378.00 respectively. The current market cap of the company is Rs. 3854.42 crore.

The promoters holding in the company stood at 75.03%, while Institutions and Non-Institutions held 15.47% and 9.50% respectively.

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.

Linde India Share Price

7054.60 -179.70 (-2.48%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 272.05
Bharat Coking Coal 35.85
Linde India 7054.60
Refex Industries 250.00
IRM Energy 213.40
View more..

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