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LINDE INDIA LTD.

01 February 2025 | 12:00

Industry >> Industrial Gases

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ISIN No INE473A01011 BSE Code / NSE Code 523457 / LINDEINDIA Book Value (Rs.) 420.53 Face Value 10.00
Bookclosure 12/08/2024 52Week High 9935 EPS 50.90 P/E 122.95
Market Cap. 53371.72 Cr. 52Week Low 5366 P/BV / Div Yield (%) 14.88 / 0.19 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1935 - The company was incorporated on 24 January, with the setting up of the Indian Oxygen and Acetylene Company in Calcutta. It manufactures and deals in oxygen, hydrogen, nitrogen, acetylene and other gases, welding and cutting equipment, etc.

- The BOC Group, IOL has served different sectors of industry, such as steel, copper, cement, petrochemical, national defence and medical institutions.

1985 - The company modernised its Jamshedpur unit. A new unit to manufacture helium was set up in Taloja, Maharashtra.

1988 - A technical collaboration was entered into with Matsushita Industrial Equipment Co. Ltd., of Japan in July, for manufacture of a new generation of welding equipment and air plasma cutting equipment.

1992 - The Tarapur Unit has been awarded a Certificate of Merit by the Council of Industrial Safety, Mumbai, for excellent performance in Industrial Safety during the year.

1993 - 3,350,434 New Ordinary Shares of the Company have been allotted to The BOC Group plc on 22 March, at a premium of Rs. 30 per share on receipt of Rs. 134,017,360 in foreign exchange as their subscription for these shares.

- The Members had also approved on 14 January, issue of 8,975,957 New Ordinary Shares to the members, in the ratio of one share for every two shares held, at a premium of Rs.20 per share, 448,798 New Ordinary Shares to the permanent employees and further 467,116 New Ordinary Shares to The BOC Group (to maintain its holding at 51% of the Share Capital), both at the same premium.

- The Company has commenced a major project for installation of a Tonnage Air Separation Plant at Taloja, Maharashtra.

- The Company had, during the year, introduced a sophisticated respirator manufactured by Puritan Bennett, USA for use in critical care areas. The BOC Group, was launched during the year.

- The Company is also upgrading the locally manufactured Boyle anaesthesia machine.

1994 - IOL's new 110 TPD liquid-capacity air separation plant at Taloja was commissioned on 29 March, ahead of schedule.

- The special features of the plant include sophisticated instrumentation and control systems, a combined Feed Gas and Recycle Compressor, a special design to achieve full production for high variation of electrical frequency, a Feed Gas Compressor and systems to ensure pure, uninterrupted supply of Nitrogen gas during power failure or plant breakdown.

- BOC's relentless pursuit of consistent quality was recongnised when the Tarapur unit was awarded accreditation under ISO 9002 by the internationally reputed certifying authority, RW-TUV of Germany.

- BOC's Plant Manufacturing Works manufactured its largest vessel, weighing about 23 tonnes when empty, for storing crude Argon. This has been installed at Taloja.

- BOC has introduced Individual Quick Freezing of marine products using Liquid Nitrogen.

- BOC has recently introduced three models of New Generation Anaesthesia Machines-Boyle Basic, Boyle Tec and Boyle Ultima.

- In July, IOL received two National Safety Awards for the year 1992.

- The Hyderabad Unit was adjudged winner in the category `Average Lowest Frequency Rate', while the Visakhapatnam Unit won in the category `Longest Accident-Free Period' Hyderabad also received the runner-up Award in the second category.

- Special Commendation Certificates were also won by IOL units at Ahmedabad, Bangalore and Chennai.

- Prosperity Sharing agreements were signed at various units by employees' representatives and the management.

- The Company has entered into a strategic alliance with a leading chemical company by which IOL has been granted exclusive distribution rights for approximately 2 million cubic metres of Argon; with this arrangement, together with IOL's own in-house capacity, IOL will become the major Argon supplier in the Indian market.

- The Company has obtained ISO 9002 accreditation for its Tarapur, Jamshedpur and Bangalore gas plants during the year.

- During the current year, the Company proposes to strengthen it cooperation with Ohmeda, the Health Care Division of BOC. It will also participate in a global alliance between Ohmeda and Hewlett-Packard for medical electronic business by which the Company will market medical electronic monitors in India.

- Contracts Division had, during the year under review, installed and commissioned the Company's Tonnage Air Separation Plant at Taloja and also the Hydrogen Plant at the same site.

1995 - A programme has been embarked upon to re-establish the Company as the leading supplier to the high growth, high technology special gases business.

- The Company won the BOC Group Absolute Award for 1995 for the lowest lost workday case accident rate for Units with more than 3 million workhours.

- The Company has won, during the year under review, a large third party order from the Bhilai Steel Plant for a 550 tonne-per-day Air Separation Plant.

1996 - The Company's unit in Delhi at Kirtinagar was closed down in terms of the Hon'ble Supreme Court's Order dated 8 July, directing closure of hazardous industries operating in Delhi, with effect from 30 November.

1997 - BOC India Ltd. a member of multinational British Oxygen, has set up, at Ambattur, Chennai, a 600-metre cube per hour liquid oxygen compressing station costing Rs.1 crore.

- BOC India Ltd proposes to close down two of its existing high-pressure old plants of 14 tonnes per day (tpd) capacity each in Chennai and put up a tonnage plant of 120 tpd capacity in the southern region.

- BOC India, a member of the BOC group, has signed an agreement with Spantech Products of the UK to market a new gas container-BOC Handimix 10 cannister-in the country.

- BOCL has also entered into a tieup with Zuari Agro to market the latter's production of argon (3.8 million cubic metres a year).

- BOC India has set up a new liquid compressing station in Kona, in the Howrah District of West Bengal.

1998 - BOC India Ltd, the major producer of oxygen, nitrogen and argon for industrial purposes, is exploring the possibility of diversifying into LPG and hydrogen gas.

- BOC India, the subsidiary of the UK-based industrial gases giant, has decided to close down its oxygen plant in Asansol, West Bengal, with effect from September 30.

1999 - BOC India has launched a major initiative to improve the returns on existing assets, particularly in merchant and medical gasses businesses, by improving volumes without a concomitant increase in costs.

- The Maharashtra Government has granted BOC India Ltd permission to close down operations at its gases unit at Ghatkopar, Mumbai, on the grounds of continuing losses and persistently poor productivity.

- BOC India Ltd has launched a miniaturised oxygen plant for home use as part of its growth strategy for the home-care segment of medical gases business.

- Industrial gases major BOC India Ltd is setting up a helium process plant, the first of its kind in the country, at Bakreshwar in the Birbhum district of West Bengal, as part of a gameplan to become self reliant in the production of rare and special gases which have vital strategic importance.

2000 - BOC India, manufacturer of industrial and medical gases, has been awarded the contract for design, supply, installation and commission of hydrogen generation package for the Bakeshwar thermal power plant.

- BOC India has comissioned a nitrogen purification plant for Tata Steel's cold-rolling mill at Jamshedpur.

2001 - Crisil has assigned an AA rating to the Rs.50 crore NCD program of BOC India Ltd.

- BOC India has entered into a strategic alliance wiht Bharat Petroleum Corporation for distribution of liquefied petroleum gas.

2002

-GIC withdraws Mr B C Banerjee as the Nominee Director from the Board of BOC India.

-Mr P B Ramanujam appointed as the Additional Director on the board of the company.

-Enters into an agreement with TISCO for supply of gaseous oxygen.

-Signs a settlement with the Union representing the workmen of its closed Asonsol Plant.

2003

-Sets up a Remuneration Committee of the Board comprising four non-executive Directors.

-Commissions its new 225 tonnes per day Air Separation Unit plant for the supply of gaseous oxygen to TISCO.

-Appoints Mr Colin Gordon as the Director on the Board of the company.

-Commences new production/operations involving filling of medical and industrial cylinders at its Asanol plant.

-Unveils "Oxyline" , a new mobile oxygen unit to cater to individual patients and small medical units.

-Inaugurates a new ISP operating unit in Bangalore to produce compressed medical oxygen, industrial oxygen and compressed argon/argoshield

2006

-BOC signs gas supply agreement with JSW Steel.

2007

-BOC India Ltd has appointed Mr. Trevor J Burt as an Additional Director of the Company by the Board of Directors at its meeting held on January 18, 2007 with effect from that date.

-BOC India Ltd has signed a 10 year long term agreement with Adhunik Metaliks Ltd for setting up and operating a 100 tonnes per day Air Separation unit at their steel works at Rourkela, Orissa for supply of oxygen, nitrogen and argon to them.

2009

- BOC India Ltd has appointed Mr. Kashyap Roy as an Additional Director and the Finance Director of the Company.

2010

- BOC India Ltd has appointed Mr. Binod Patwari, Head of Finance and Control - South & East Asia of The Linde Group as an Additional Director (Non Executive) of the company.

2011

- Commencement of commercial Production at the Company's 418 tpd Air Separation Unit at Kalinganagar, Orissa.

- Appointed Mr. Arun Balakrishnan as an Additional Director (Non Executive Independent Director) of the Company.

- Board of Directors of the Company at its meeting has recommended a dividend of 15% (Rs. 1.50 per equity share of Rs. 10 each) for the year ended.

2012

- Mr Sanjiv Lamba, a Non-Executive Director of BOC India as the Chairman of the Board of Directors of the Company.

- The Company has commissioned its 2550 tonnes per day Air Separation Unit (ASU) at Tata Steel Ltd's works in Jamshedpur. Further inform that the Company has also commissioned a Merchant Air Separation Unit at Taloja having a total merchant liquid products capacity of 450 tonnes per day. Both the aforesaid Air Separation Units are operating satisfactorily.

- BOC - Signing of contract for long term supply of gases to Tata Steel Ltd.'s Kalinganagar Project.

-Company has changed its name from BOC India Ltd. to Linde India Ltd.

2013

-The Registrar of Companies, West Bengal consequent upon change of name of the Company from BOC India Limited to Linde India Ltd.

2014

-The Company has recommended a dividend of 15% (i.e. Rs. 1.50 per equity share) for the year ended December 31, 2013. 2015 -Linde India launches its first dedicated cylinder filling site for healthcare medical gases at Siliguri -Linde India sets up new facility in West Bengal

2018

- Linde plc Completes Divestiture of Praxair's European Businesses

2019

- Linde plc Announces New Up To USD 6 Billion Share Repurchase Program - Linde plc Announces FTC Extension for Divesture Completion - Linde Starts up New Plant at Samsung Display Complex in Tangjeong, South Korea - Linde Expands Skills PipelineT Workforce Development Program in Louisiana with U.S. Army - Linde Recognized as a Leader in Diversity & Inclusion by DiversityInc - Linde Starts Up New Plants to Supply EverDisplay Optronics in China - Linde Starts Up New Plant to supply Evonik Complex in Singapore - Linde acquires minority stake in ITM Power and agrees joint venture - Linde Starts Up Air Separation Units in Eastern China Chemical Park

2020

- Linde India Ltd and BASF win ICIS Award for Best Process Innovation to reduce CO2 emissions - Linde India Ltd Starts Up New Plant in China to Supply Shanghai Huali Microelectronics - Linde India Ltd start Up New Plant to Deliver Increased Capacity to Space Launch Sector - Linde India Ltd got 100 Best Corporate Citizens of 2020 - Linde India Ltd has been reconfirmed as a constituent of the Solactive Europe Corporate Social Responsibility Index

2021

- Linde India Ltd Awarded Best-in-Class for Sustainability Disclosure Practices 2021 - Linde India Ltd Receives 'A' For Water Stewardship from CDP 2021 - Linde India Ltd and Hyosung Partner to Develop Hydrogen Infrastructure in South Korea - Linde India Ltd Starts Up New ASUs to Supply Wanhua Chemical Group in China - Linde India Ltd Recognized as One of the 2021 World's Most Ethical Companies - Linde India Ltd Starts Up New Liquid Hydrogen Plant in Texas

2022 -Linde opens its first Women Operated Packaged Gas Plant in Trichy. -Linde and SLB Collaborate on Carbon Capture and Sequestration. -Linde Inaugurates World's First Hydrogen Refueling System for Passenger Trains.

2023 - Linde Starts Up New Air Separation Unit in Hyderabad . -Linde Launches Career Enabling Program for Women Professionals . -Linde inaugurates reconstructed ICDS center at Sunderbans. -Linde Commences Construction of its New Air Separation Plant at Ludhiana, Punjab.