• BSE
  • NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

Linde India's Shares Surge 2% Following SAIL's Oxygen Plant Order

Linde India's Shares Surge 2% Following SAIL's Oxygen Plant Order

Comments0

Category : Knowledge Center

  • Linde India's Shares Rise: Linde India's stock price increased by 2% on August 25th because the company received a positive response from Steel Authority of India (SAIL) to set up an oxygen plant.
  • Oxygen Plant Setup: Linde India will install a special plant that produces 1,000 tonnes of oxygen per day. This plant will be constructed, operated, and maintained by Linde India for 20 years from when it becomes operational. There is also an option to extend the agreement for five more years.
  • Agreement with SAIL: Linde India got a letter of acceptance from SAIL to build the oxygen plant at SAIL's Rourkela facility. This means SAIL agrees to let Linde India proceed with the project.
  • Similar Deal with IOCL: Linde India also received a job-work contract from Indian Oil Corporation Limited (IOCL) to create an Air Separation Unit (ASU) at the Panipat Refinery Complex. This ASU will provide different types of air and gases needed for IOCL's Panipat Refinery Expansion Project.
  • Long-Term Operation: After completing the construction and testing of the ASU for IOCL, Linde India will operate and maintain it for 20 years starting from the first delivery date.
  • Financial Performance: Linde India's profit fell by around 41.9% in the June quarter, with net profit at Rs 99.88 crore. This indicates the amount of money the company earned during that period.
  • Linde India's Business: Linde India is a company that makes and supplies various gases like oxygen, hydrogen, and nitrogen. They also produce equipment for welding and other industrial uses.

Open Free* Demat & Trading Account with Libord and Start Investing in 15 mins*

Zero Brokerage on Equity Delivery Trades | Rs. 20 Per Trade on All Options | No AMC on first Year

Invest Now

In simple terms, Linde India's stock went up because they got approval to build important facilities that provide gases for industrial purposes. These facilities will be operated for many years and contribute to the company's business. However, their recent profits had decreased in the previous quarter.

---------------------

Merchant Bankers In India | Open Demat and Trading Account Free | Open Free Demat and Trading Account Online | Open Demat and Trading Account | Merchant Banking In India | Free Demat and Trading Account Without AMC | Open Free Trading and Demat Account | Commodity Demat Account India | How To Open Demat and Trading Account | How To Open Demat Account In Free | How To Open A Demat Trading Account | Merchant Banks In India | How To Open Demat and Trading Account Online | Demat and Trading Account | How To Get A Demat and Trading Account | How To Open Demat Account For Trading | Share Broking Company | How To Open Demat Trading Account | Demat Trading Account | Latest IPO News | Largest Upcoming IPO | Latest IPO | Upcoming IPO | Recent & Upcoming IPOS | Latest IPO List | Upcoming Ipo 2023 | Upcoming Ipo List 2023 | New Ipo Launch Today | How to Apply IPO | Open Free Trading Account | Paperless Demat Account Opening | What Is Difference Between Demat and Trading Account | Trading Account and Demat Account Difference | Open Commodity Trading Account Online | Open Trading Account for Free | Free Open Demat Account | Online Paperless Demat Account | Open Free Demat and Trading Account in Mumbai | Stock Broking Companies In India | Shares Broking | Online Share Brokers In India | What Is Stock Broking Company | Indian Share Broker | Share Broking Firms | Broking Companies In India | Stock Broking Companies In Mumbai | Online Share Broking | Broking India | Share Broker Company | Indian Share Brokers | Securities Company In India | Stockbroking Company | Stock Broking Company In India | Leading Share Brokers In India



Author Image

Comment

Recent Post

  • Market Outlook After the 2023..

    Introductions – After this budget session which was declared last week, many analysts feel that so far this is the best budget, because in this budget, she has covered all sectors..

  • Data Patterns (India) Ltd IPO..

    Data Patterns (India) Ltd IPO Details: Data Patterns (India) Ltd has announced public offering of 10276874 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 553.00 per shar..