Linde India acquires Tata Steel’s Kalinganagar gas assets

5 Sep 2024 , 10:50 AM

Linde India Ltd, a major industrial and medical oxygen company, announced on Wednesday (September 4) that it has signed a plant sale agreement with Tata Steel Ltd to acquire industrial gas supply assets, specifically two 1800 tpd air separation units (ASUs) from Tata Steel’s Kalinganagar phase two expansion project.

This comes after Tata Steel announced that Linde India had won the bid to acquire and operate gas-supply infrastructure at the steel company’s Kalinganagar plant for 20 years.

Linde India will take over two air separation units currently under development at the factory as part of the agreement. The corporation stated that it will purchase the units using its own finances.

This comes after Tata Steel announced that Linde India had won the bid to acquire and operate gas-supply infrastructure at the steel company’s Kalinganagar plant for 20 years.

Linde India will take over two air separation units currently under development at the factory as part of the agreement. The corporation stated that it will purchase the units using its own finances.

At around 10.32 AM, Linde India was trading 4.14% higher at ₹7,500 per piece, against the previous close of ₹7,202.15 on NSE. The counter touched an intraday high and low of ₹7,640, and ₹7,377.70, respectively.

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