Linde India jumped 4.19% to Rs 7504.25 after the company announced that it has entered into the plant sale agreement with Tata Steel for acquiring their industrial gas supply assets
The transaction would involve acquisition of two air separation units (ASUs), having a capacity of 1800 tonnes per day, that are currently placed at Tata Steels Kalinganagar phase-2 expansion project.
Linde India is a 75% subsidiary of The BOC Group Ltd, UK (wholly owned subsidiary of Linde AG and part of the Linde group), is one of the largest players in the domestic gases business. The Linde group is the world's leading supplier of industrial, process, and specialty gases, with operations across 100 countries.
The company had reported 13.83% rise in consolidated net profit to Rs 113.69 crore despite a 9.40% fall in sales to Rs 653.23 crore in Q1 FY25 over Q1 FY24.
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