Linde India Ltd to set up new merchant Air Separation Unit at Dahej

The Board of Directors of Linde India Ltd at its meeting held today, has approved the proposal for setting-up of a 250 tonnes per day merchant Air Separation Unit at Dahej, Gujarat to secure growth in the gases business in Western markets and deliver cost savings. The Board has approved a capital expenditure of Rs. 1,386 million towards the construction of the new air separation plant, which will be set up at the Company's existing Dahej site, where the 110 tonnes per day Air Separation Unit is in operation. The new 250 tonnes per day Air Separation Unit is expected to be commissioned by the end of October 2023.

Shares of Linde India Limited was last trading in BSE at Rs. 2609.9 as compared to the previous close of Rs. 2669.5. The total number of shares traded during the day was 9106 in over 1599 trades.

The stock hit an intraday high of Rs. 2695 and intraday low of 2594.75. The net turnover during the day was Rs. 24058500.

Source : Equity Bulls

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