Linde India shines on commencing commercial production at 853 tpd ASU at Rourkela

16 Dec 2013

Linde India is currently trading at Rs. 331.00, up by 4.65 points or 1.42% from its previous closing of Rs. 326.35 on the BSE.

The scrip opened at Rs. 321.00 and has touched a high and low of Rs. 338.10 and Rs. 321.00 respectively. So far 52,089 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.00 on 18-Dec-2012 and a 52 week low of Rs. 210.55 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 339.00 and Rs. 312.00 respectively. The current market cap of the company is Rs. 2,822.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 15.13% and 9.87% respectively.

Linde India has commissioned one of the two 853 tonnes per day ASU (Air Separation Units) at Rourkela Steel Plant and the second 853 tonnes per day ASU is in final stages of commissioning. Earlier, the company has entered into long term gas supply contract with Steel Authority of India (SAIL) in the year 2009 for supply of 2600 tpd of oxygen, nitrogen and argon gases to meet the customer's incremental demand arising from the expansion of their steelmaking capacity at Rourkela, Linde India had undertaken construction of two 853 tonnes per day ASU at Rourkela Steel Plant of SAIL.

Linde India is engaged in manufacturing of industrial gases and undertaking engineering projects. The company owns one of the Asia’s largest air separation units. The company owns more than 20 manufacturing units, 40 warehouses and depots, 100 dealers and more than 100 dedicated tankers in the distribution fleet.

Related Linde India Ltd. Links:

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