Linde India will be setting up an onsite Air Separation Unit (ASU) at ESL Steel Limited of Vedanta Group in Chandankyari Block of Bokaro. It will serve ESL’s demand for gases for its brownfield expansion and will also cater to Linde India’s requirement of gases for merchant markets.
Linde India Limited has informed that the Company has on February 10, 2022 signed a 15-year long-term agreement structured on Lease and O&M basis with ESL Steel Ltd. (ESL), a Vedanta Group Company for supply of 800 tonnes per day of Oxygen and 900 tonnes per day of Nitrogen to them at their steelworks at Bokaro.
The capital expenditure for setting up of this ASU will be financed by the Company’s own sources/internal accruals, the company said in the filing.
Source: https://www.business-standard.com/stocks/corporate-announcements/bse/284/35188625
