VR Logo

Linde India: Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Approval For Setting-Up Of 264 Tpd Merchant Air Separation Unit Near Ludhiana


We wish to inform you that the Board of Directors of the Company has approved a capital expenditure proposal for setting-up of a 264 tonnes per day merchant Air Separation Unit in New Industrial Park Hero Hitech Cycle Valley near Ludhiana in Punjab to secure growth in the gases business in Northern markets and deliver cost savings. The Board has approved a total capital expenditure of Rs. 1 521 million towards the construction of the aforesaid air separation plant which is expected to be on stream by December 2023. This capital expenditure will be financed by the Companys own sources/internal accruals.This may please be treated as compliance under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. You are requested to please take the above on record and disseminate the same on your website for information of the Members and Investors of the Company.

Click here to view PDF