Linde India Limited enters into long term contract with Asian Paints Polymers Pvt Ltd

Linde India Limited has entered into long term contract with Asian Paints (Polymers) Private Limited, a wholly subsidiary of Asian Paints Limited, for supply of Industrial Gases through pipeline at its upcoming manufacturing facility at Dahej, Gujarat, for manufacturing of Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE).

The Company proposes to install its third Air Separation Unit (ASU) at Dahej of 245 TPD of liquid capacity together with 100 TPD of Gaseous Oxygen (GOX). The ASU shall serve Linde's long-term goal of developing a pipeline cluster in the Dahej region.

Shares of Linde India Limited was last trading in BSE at Rs. 6021.05 as compared to the previous close of Rs. 6119.60. The total number of shares traded during the day was 1833 in over 654 trades.

The stock hit an intraday high of Rs. 6151.05 and intraday low of 5982.00. The net turnover during the day was Rs. 11125291.00.

Source : Equity Bulls

Keywords

LindeIndia INE473A01011 LongTermContract AsianPaintsPolymers VinylAcetateMonomer VinylAcetateEthyleneEmulsion