Linde India Acquires Tata Steel’s Kalinganagar Gas Assets

Deal Strengthens Linde India’s Presence in Eastern India

Acquisition Aligns with Linde India’s Growth Strategy

Mumbai, India – Linde India Limited, a leading industrial gases company in India, announced today that it has acquired the gas assets of Tata Steel Limited at its Kalinganagar plant in Odisha, India. The acquisition includes the oxygen, nitrogen, and argon plants, as well as the associated infrastructure.

The acquisition strengthens Linde India’s presence in eastern India and aligns with its growth strategy of expanding its market reach and diversifying its customer base. The Kalinganagar plant is a strategic location for Linde India as it is a major industrial hub with a strong demand for industrial gases.

The acquisition is expected to be completed by the end of the year, subject to regulatory approvals. The financial terms of the deal were not disclosed.

Benefits of the Acquisition

• Strengthens Linde India’s presence in eastern India
• Expands Linde India’s market reach
• Diversifies Linde India’s customer base
• Provides access to a strategic location with strong demand for industrial gases

Linde India’s Growth Strategy

The acquisition of Tata Steel’s Kalinganagar gas assets is part of Linde India’s growth strategy, which focuses on:

• Expanding its market reach
• Diversifying its customer base
• Investing in new technologies

Linde India is committed to providing innovative and sustainable solutions to its customers. The company has a strong track record of growth and innovation, and the acquisition of Tata Steel’s Kalinganagar gas assets is a significant step in its continued expansion.