Linde India has commenced commercial production at a 1,450 tonnes per day Air Separation Unit located at Jindal Stainless Ltd.'s works at Kalinganagar, significantly expanding its industrial gas supply capabilities. The facility is designed to supply 1,450 tonnes per day of Oxygen, 1,800 tonnes per day of Nitrogen, and 64 tonnes per day of Argon to Jindal Stainless, while also retaining additional capacity to cater to demand in the merchant market.

Key Operational Details

The newly operational facility is an Air Separation Unit positioned within Jindal Stainless' integrated steel complex at Kalinganagar. Air Separation Units of this scale are critical industrial installations that produce gases essential for steel manufacturing and other industrial processes. The unit's capacity to supply specific volumes of Oxygen, Nitrogen, and Argon underscores its role in supporting large-scale industrial operations.

The following table summarises the key details of this development:

Significance of the Development

The commencement of commercial production at this facility represents a meaningful addition to Linde India's operational portfolio. The specific gas capacities position this unit among large-scale industrial gas installations, catering to the substantial requirements of Jindal Stainless' Kalinganagar operations. This development highlights Linde India's continued engagement in building and operating on-site gas supply infrastructure for major industrial customers in India.

Linde India Limited has notified the stock exchanges regarding a change in its investment structure. The company's shareholding in Zenataris Renewable Energy Private Limited has been adjusted following a recent round of equity allotment.

Reduction in Shareholding

The reduction in stake is a consequence of Zenataris issuing fresh equity shares to an existing shareholder and other new shareholders. Consequently, Linde India Limited's ownership has diluted from the previous 27% to 19.18%.

Regulatory Disclosure

This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced earlier announcements dated 28 February 2024 and 12 September 2024, which initially detailed the investment and the subsequent 27% shareholding status.

The company has requested the exchanges to disseminate this information for the benefit of its members and investors.