Linde Expands Agreement with Jindal Steel in India
Linde (NYSE:LIN) has expanded its long-term agreement with Jindal Stainless Limited (JSL), a major stainless steel producer in India. This agreement will see Linde build a second Air Separation Unit (ASU) in Kalinganagar, boosting the facility's capacity by over three times. The new ASU is projected to commence operations in the first half of 2024, providing additional supplies to both JSL and the local merchant market. This expansion enhances Linde's presence in a key industrial region in India.
- Expansion of long-term agreement with Jindal Stainless Limited supports increased capacity.
- Construction of a second Air Separation Unit (ASU) will more than triple capacity at Kalinganagar.
- New ASU expected to start up in the first half of 2024, aiding local supply.
- None.
WOKING, UK / ACCESSWIRE / October 21, 2022 / Linde (NYSE:LIN)(FWB:LIN) today announced it has expanded its existing long-term agreement for the supply of industrial gases with Jindal Stainless Limited (JSL), one of the largest stainless steel producers in India.
Linde already supplies oxygen, nitrogen and argon to JSL from its on-site Air Separation Unit (ASU) at the Kalinganagar Industrial Estate in Odisha, East India. Under the terms of the new agreement, Linde will build a second ASU, more than tripling the current total capacity of its plant at Kalinganagar. The additional supply will support the significant expansion of JSL's facility. The new ASU is expected to start up in the first half of 2024 and will be an additional supply source for the local merchant market.
"We are proud to develop our partnership with JSL as it embarks on a significant expansion of its stainless steel production facility at Kalinganagar," said Moloy Banerjee, President ASEAN & South Asia, Linde. "By building additional capacity to support JSL's growth, we will increase Linde's own network density in one of India's most important industrial regions."
About Linde
Linde is a leading global industrial gases and engineering company with 2021 sales of
The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.linde.com
Contacts:
Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com
SOURCE: Linde plc
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