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Linde India invests Rs 7.69 crore in FPEL Surya

03 Mar 2023 Evaluate

Linde India has invested a sum of Rs 7.69 crore in FPEL Surya towards subscription of 15,39,000 equity shares (26%) of face value Rs 10 each (allotted at a premium of Rs 40 each). The Object 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 290.25
Linde India 5993.90
IRM Energy 256.95
Steamhouse India 127.60
Nilachal Carbo Metal 112.90
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