Linde India Limited
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BSE Code:
523457
NSE Code:
LINDEINDIA
Business Profile
Business Profile
BOC India (BOCINDIA), part of the BOC Group, is a leading supplier of gases and related products and services in India. The company was incorporated on Jan. 24, 1935. The non-executive chairman is Susim Mukul Datta, and E.R. Raj Narayanan, the managing director of the company.
The company operates in the four business areas of industrial gases, medical gases, special gases, and projects. Industrial gases include bulk atmospheric gases, carbon dioxide, hydrogen and a full range of compressed industrial gases excluding LPG. The company provides consultancy and highest safety measures while providing gases like oxygen, nitrous oxide, entonox and carbon dioxide. It provides over 20,000 special calibration and instrumentation gases to industries like petrochemicals, pharmaceuticals, electronics, semi-conductors, paper, universities, and many others. The projects division provides design, project engineering and execution across industries like steel manufacturing, food processing, electronics, and many others.
The company has more than 20 production facilities, including one of Asia`s largest air separation units. BOC India is to set up a Rs 2,400 million gas plant in Baddi, Himachal Pradesh to produce oxygen (56,575 tons), nitrogen and argon gases. It has joint venture with Inox Air Products for long term gas supply to JSW Steel; a 10-year, long-term agreement with Adhunik Metaliks for setting up and operating a 100 tons a day air separation unit; and long-term gas supply contracts with GKN Sinter Metals and Electrosteel Castings for supply of 420 Nm3 of nitrogen an hour and 35 tons a day of oxygen, respectively.
The company has 40 warehouses and depots, 100 dealers and more than 100 dedicated tankers in the distribution fleet. The registered office is at Oxygen House, P43, Taratala Road, Post Box No. 16739, Kolkata-700088.
Financials
The company reported a steep drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 69.97% to Rs 154.50 million from Rs 514.50 million in the same quarter last year. Net sales for the quarter rose 37.65% to Rs 1,416.30 million, while total income for the quarter rose 38.58% to Rs 1,429.5 million, when compared with the prior year period. It posted earnings of Rs 1.81 a share during the quarter, registering 82.73% decline over previous year period.
Recent Developments
12-MAR-09
The company has commissioned an 1,800 tonnes per day Air Separation Unit at JSW Steel Works at Bellary on March 10, 2009.
09-JAN-09
The company has inked a 15 year long term gas supply contract with Steel Authority of India (SAIL) for supply of 2,600 tpd of Oxygen, Nitrogen and argon gases.