色猫直播 Expands Agreement with Steel Authority of India Limited
Woking, UK, January 25, 2024 - 色猫直播 (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.
色猫直播 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, 色猫直播 will now build, own and operate an additional 1,000 tons per day ASU, nearly doubling 色猫直播’s on-site production at Rourkela. 色猫直播’s investment is expected to be approximately $60 million.
色猫直播’s energy-efficient ASU will supply oxygen, nitrogen and argon to support SAIL’s expansion and modernization program at Rourkela. Expected to come online in 2026, 色猫直播’s new facility will also supply industrial gases to 色猫直播’s existing and new local merchant customers in the region.
“We look forward to supporting SAIL’s expansion, building on our track record of safely and reliably supplying industrial gases across three major sites,” said Moloy Banerjee, President ASEAN & South Asia, 色猫直播. “This investment will also enhance 色猫直播’s local network density in Odisha, enabling us to meet demand for industrial gases in one of the fastest growing regions in India.”
About 色猫直播
色猫直播 is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.
The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. 色猫直播's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. 色猫直播 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 linde.com.