BOC India to invest INR 5.4 billion to build two new air separation plants in Kalinganagar, Odisha
• BOC India wins major industrial gases supply scheme with Tata Steel
• Company will invest INR 5.4 billion (EUR 80 million) to build two large air separation plants in the Kalinganagar industrial complex
Kolkata, India– 16 July 2012: BOC India Limited (BOCI), a member of The Linde Group, announced that it had been awarded a major long term industrial gases supply contract by Tata Steel Limited. Tata Steel is progressing with the first phase of its Greenfield integrated steelworks in Kalinganagar Industrial Complex in Odisha, India, which will come on-stream in 2014.
BOCI will invest INR 5.4 billion (EUR 80 million) to construct two large new air separation plants, each with a capacity of 1,200 tons per day (tpd), to supply gaseous oxygen, nitrogen and argon to meet the production requirements of Tata Steel’s new steelworks. BOCI’s new air separation plants, which will be commissioned in 2014, will also produce liquid products to meet the growing demand for gases in the merchant market.
Mr. S K Menon, Managing Director of BOCI said, “Our new contract with Tata Steel represents a great strategic win for BOCI, given the fast-rising importance of the Kalinganagar industrial complex as a massive steel production hub in India. BOCI also intends to establish an extensive pipeline network through the industrial complex to meet the gases demand of the various steel production units operating there, and our latest agreement with Tata Steel will enable us to make further steps forward in this direction.”
Mr. Bernd Eulitz, Regional Business Unit Head for Linde’s business in South & East Asia said, “We are delighted to be able to support our valued customer Tata Steel in its latest Greenfield integrated steelworks in Kalinganagar. The signing of this contract represents another significant milestone in the excellent and long-standing partnership between our companies, and we look
forward to continuing to work closely with Tata Steel as it moves ahead with its growth plans.”
Mr. H.M. Nerurkar, Managing Director of Tata Steel said, “We are pleased to be working with BOCI in our new facility in Kalinganagar. Our new 3 million tons per year (mtpy) steelworks, which will expand to 12 mtpy in the medium term, will be the first new major Greenfield blast furnace based steelworks built in India in the past 15 years. We look forward to the continued safe and reliable
supply of gases and overall support that BOCI lends to our operations.”
About BOC India Limited:
BOC India Limited (BOCI), a member of The Linde Group, is the leader in gases business in India since 1935. BOCI provides a one-stop solution to all businesses for gas supply and related equipment and services. We manufacture cryogenic and non-cryogenic vessels and also design and commission projects. BOCI has excelled through successfully blending local innovation and adaptation with international expertise from The Linde Group. Be it for food processing, medical, domestic or industrial use, BOCI provides tailor-made solutions for customers, conforming to the strictest international standards of production and safety in the process.
For more information, please see BOC India Limited online at http://www.boc-india.com
About The Linde Group:
The Linde Group is a world-leading gases and engineering company with around 50,500 employees in more than 100 countries worldwide. In the 2011 financial year, it achieved sales of EUR 13.787 bn. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The Group is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com
Press Contact: Michele Ng
Head of Communications, South & East Asia
Phone: +65 68663196
Mobile: +65 98250113
BOC India Limited
Oxygen House, P-43 Taratala Road
Kolkata 700 088, India