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Linde India acquires 26% stake in Avaada Mhyavat

23 Apr 2022 Evaluate

Linde India has acquired 11,375,000 (26%) equity shares of Rs 10 each in Avaada Mhyavat. The company has invested a sum of Rs 11.40 crore in Avaada Mhyavat. The main aim of acquisition is to purchase of renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings.

Linde India is engaged in manufacturing of industrial gases and undertaking engineering projects.

Peers
Company Name CMP
Petronet LNG 288.65
Linde India 5648.65
IRM Energy 241.75
Steamhouse India 132.65
Nilachal Carbo Metal 90.50
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