Linde India Ltd to set up onsite ASU at ESL's Bokaro Steelworks

Linde India Ltd has on 10 February 2022 signed a 15-year long-term agreement structured on Lease and O&M basis with ESL Steel Ltd. (ESL), a Vedanta Group Company for supply of 800 tonnes per day of Oxygen and 900 tonnes per day of Nitrogen to them at their steelworks at Bokaro. For this purpose, Linde India will be setting up an onsite Air Separation Unit (ASU) at ESL's Bokaro steelworks, which will serve ESL's demand for gases for its brownfield expansion and will also cater to Linde India's requirement of gases for merchant markets. The capital expenditure for setting up of this ASU will be financed by the Company's own sources/internal accruals.

Shares of Linde India Limited was last trading in BSE at Rs. 2630.20 as compared to the previous close of Rs. 2654.50. The total number of shares traded during the day was 2284 in over 451 trades.

The stock hit an intraday high of Rs. 2663.00 and intraday low of 2604.10. The net turnover during the day was Rs. 6016310.00.

Source : Equity Bulls

Keywords

LindeIndia INE473A01011 ESLSteel Oxygen Nitrogen Bokaro AirSeparationUnit