Linde India gains after starting gas supplies to Tata Steel's unit

Linde India gained 1.11% to Rs 273 at 11:30 IST on BSE after the company announced that it has commissioned the first air separation unit in Odisha, which has started gas supplies to Tata Steel's steel works project at Kalinganagar.

The announcement was made after market hours yesterday, 10 March 2016.

Meanwhile, the S&P BSE Sensex was up 134.82 points or 0.54% at 24,758.16.

On BSE, so far 522 shares were traded in the counter as against average daily volume of 1,087 shares in the past one quarter. The stock hit a high of Rs 279.95 and a low of Rs 272 so far during the day.

The mid-cap company has equity capital of Rs 85.28 crore. Face value per share is Rs 10.

It may be recalled that Linde India had entered into a long term gas supply contract with Tata Steel, for catering to the gases requirement at its Kalinganagar steel works project. The company had undertaken construction of two air separation units with a total capacity of 2,400 tonnes per day at Tata Steel's premises at Kalinganagar, Odisha for supply of gases to Tata Steel as well as for additional liquid products for merchant markets.

Linde India, formerly known as BOC India, is into gases business, providing a one-stop solution to all businesses for gas supply and related equipment and services.

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