Linde India’s board has approved a capital expenditure proposal for setting-up of a 264 tonnes per day merchant Air Separation Unit in New Industrial Park, Hero Hitech Cycle Valley near Ludhiana in Punjab to secure growth in the gases business in Northern markets and deliver cost savings.
The Board has approved a total capital expenditure of Rs 152.1 crore towards the construction of the aforesaid air separation plant, which is expected to be on stream by December 2023. This capital expenditure will be financed by the company's own sources/internal accruals.
Linde India is engaged in manufacturing of industrial gases and undertaking engineering projects.
