Linde India board nods capex of Rs152cr for setting up Merchant Air Separation Unit near Ludhiana

25 Jan 2022 , 11:34 AM

Linde India Ltd has informed regarding approval for setting-up of 264 tpd Merchant Air Separation Unit near Ludhiana.

As per regulatory filing, the Board of Directors has approved a capital expenditure proposal for setting-up of a 264 tonnes per day merchant Air Separation Unit in New Industrial Park, Hero Hitech Cycle Valley near Ludhiana in Punjab to secure growth in the gases business in Northern markets and deliver cost savings.

The Board has approved a total capital expenditure of Rs152.1cr towards the construction of the aforesaid air separation plant, which is expected to be on stream by December 2023. This capital expenditure will be financed by the Company’s own sources/internal accruals, said Company on January 24, the company said.

At around 11:35 AM, Linde India was trading at Rs2,710.05 per share up by Rs0.85 or 0.03% from its previous closing of Rs2,709.20 per share on the BSE.