Linde India jumps on securing LoA from Indian Oil Corporation
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Linde India is currently trading at Rs. 6119.00, up by 355.85 points or 6.17% from its previous closing of Rs. 5763.15 on the BSE.
The scrip opened at Rs. 5825.05 and has touched a high and low of Rs. 6120.00 and Rs. 5825.05 respectively. So far 5859 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6,120.00 on 23-Aug-2023 and a 52 week low of Rs. 2932.85 on 02-Nov-2022.
Last one week high and low of the scrip stood at Rs. 6164.65 and Rs. 4904.10 respectively. The current market cap of the company is Rs. 49150.58 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.61% and 14.38% respectively.
Linde India has been awarded a ‘Letter of Acceptance’ (LoA) on August 22, 2023 by Indian Oil Corporation (IOCL) in connection with the job-work contract for setting-up of Air Separation Unit (ASU) on a site licensed by IOCL within its Panipat Refinery Complex for production and supply of Instrument Air, Plant Air and Cryogenic Nitrogen to IOCL Panipat Refinery Expansion Project (P25). On completion of the construction and the performance test of the aforesaid ASU, Linde India will enter into requisite Agreements with IOCL for operating and maintaining the facility for a period of 20 years from the first delivery date. Linde India expects to fund the capital expenditure by its own funds/internal accruals.
Linde India is engaged in manufacturing of industrial gases and undertaking engineering projects.
