Linde India Ltd receives LOA from IOCL

Linde India Ltd. has been awarded a 'Letter of Acceptance' dated 22 August 2023 by Indian Oil Corporation Limited (IOCL) in connection with the job-work contract for setting-up of Air Separation Unit (ASU) on a site licensed by IOCL within its Panipat Refinery Complex for production and supply of Instrument Air, Plant Air and Cryogenic Nitrogen to IOCL Panipat Refinery Expansion Project (P25). On completion of the construction and the performance test of the aforesaid ASU, Linde India will enter into requisite Agreements with IOCL for operating and maintaining the facility for a period of 20 years from the first delivery date. Linde India expects to fund the capital expenditure by its own funds/internal accruals.

Shares of Linde India Limited was last trading in BSE at Rs. 5763.15 as compared to the previous close of Rs. 5258.20. The total number of shares traded during the day was 21078 in over 4123 trades.

The stock hit an intraday high of Rs. 5899.00 and intraday low of 5265.00. The net turnover during the day was Rs. 118132048.00.

Source : Equity Bulls

Keywords

LindeIndia INE473A01011 LOA IndianOilCorporation