EQS-News: Linde Expands Agreement with Steel Authority of India Limited
Woking, UK, January 25, 2024 – Linde (Nasdaq: LIN) announced today it has expanded its existing long-term agreement for the supply of industrial gases with Steel Authority of India Limited (SAIL), one of the largest steelmaking companies in India.
- Woking, UK, January 25, 2024 – Linde (Nasdaq: LIN) announced today it has expanded its existing long-term agreement for the supply of industrial gases with Steel Authority of India Limited (SAIL), one of the largest steelmaking companies in India.
- Linde currently supplies oxygen, nitrogen and argon to SAIL’s Rourkela steel plant in Odisha, eastern India, from two on-site air separation units (ASUs), which are operating at full capacity.
- Under the terms of the new agreement, Linde will now build, own and operate an additional 1,000 tons per day ASU, nearly doubling Linde’s on-site production at Rourkela.
- “This investment will also enhance Linde’s local network density in Odisha, enabling us to meet demand for industrial gases in one of the fastest growing regions in India.”