LINDEINDIABSELinde India LtdMediumPositive
Announced Wed, 27 May · 16:05 IST

Please find enclosed our letter no. Sect/42 dated 27 May 2026 in connection with commencement of commercial production at the Company''s new Air Separation Unit at Jindal Stainless Ltd. ....

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LINDEINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-4.7%1-day move
₹7247.00
prior close
₹7380.00
base price
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-0.0-0.9-1.1+0.5-4.7-4.4-1.5-2.7-2.7-5.2+3.4-0.2
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AI summary

Linde India has commenced commercial production at its new Air Separation Unit (ASU) located at Jindal Stainless Ltd.'s Kalinganagar facility. The ASU has a capacity of 1,450 tonnes per day of Oxygen, 1,800 tonnes per day of Nitrogen, and 64 tonnes per day of Argon, dedicated primarily to supply JSL. The facility also has additional spare capacity to serve the broader merchant market for industrial gases. This is a capacity expansion update, marking the operational start of the plant that was originally announced in August 2022.

Likely market impact

This is a positive development for Linde India as the new ASU will contribute to revenue growth through long-term gas supply to JSL while the merchant market capacity provides additional upside potential. Shareholders can expect incremental earnings contribution from this expanded production capacity.