Linde India share saw a 4% increase on Monday, reaching ₹225.4 after receiving a second order in a week. The company’s shares reached an intraday high of ₹6141.40.
The company informed exchanges that it has received an order from Steel Authority of India Limited (SAIL) for establishing a cryogenic oxygen plant at the Rourkela plant in Odisha. Lindе India was honored with a ‘Letter of Acceptance’ on August 25th, as stated in an exchange filing.
Linde India Share Get Big Orders
Under this order, Lindе India will set up a plant with a capacity of 1,000 tons per day based on Construction, Operation, and Maintenance (COM) for a period of 20 years from the date of commissioning of the plant and associated facilities.
Additionally, there is provision for renewal for the next five years based on negotiated terms. Earlier this month, Lindе India had received an ‘Approval Letter’ from Indian Oil Corporation Limited (IOCL) for the establishment of an Air Separation Unit (ASU) at the licensed site, related to the job-work order for the project expansion at IOCL’s Panipat Refinery.
This expansion project involves the production and supply of instrument air, plant air, and cryogenic nitrogen.
Linde India Share Business Details
Linde India is engaged in the manufacturing and distribution of various special gas mixtures such as oxygen, hydrogen, nitrogen, argon, and others.
In addition, it also produces liquid oxygen explosives along with welding electrodes, rods, flux, gas, and electric welding equipment. The company was previously known as BOC India until it was acquired by Linde PLC and renamed Linde India by Linde PEL (formerly known as BOC Group).