Linde India Limited , a leading industrial gas company, has announced the commencement of commercial production at its new gas facility in Unnao, Lucknow. This strategic expansion marks a significant step in enhancing the company's capabilities to meet the growing demand for industrial and medical gases in the region.

Facility Highlights

The new facility in Unnao is specifically designed to improve the storage, handling, and distribution of bulk industrial and medical gases. These gases play a crucial role in various sectors, including:

• Critical hospital operations
• Industrial applications

Strengthening Presence in Uttar Pradesh

Linde India has maintained a strong footprint in Uttar Pradesh for over two decades. The company has been a key supplier of medical gases to major government and private hospitals throughout the state. This new facility further solidifies Linde India's commitment to serving the region's healthcare and industrial needs.

Strategic Importance

The launch of the Unnao facility aligns with Linde India's strategy to expand its production and distribution capabilities. By enhancing its infrastructure, the company aims to:

1. Meet the increasing demand for industrial gases in various sectors
2. Ensure a reliable supply of medical gases for healthcare facilities
3. Strengthen its market position in Uttar Pradesh and neighboring regions

Company Statement

In an official announcement to the stock exchanges, Linde India stated, "We are pleased to inform that the Company has started commercial production at its new gas facility in Unnao, Lucknow." The company emphasized the facility's role in enhancing its ability to serve both industrial clients and healthcare institutions.

Looking Ahead

The commencement of operations at the Unnao facility represents a significant milestone for Linde India. As the demand for industrial and medical gases continues to grow, this new production center is expected to play a vital role in meeting market needs and supporting critical sectors in Uttar Pradesh and beyond.

Investors and stakeholders will likely be watching closely to see how this expansion impacts Linde India's market presence and financial performance in the coming quarters.

Linde India Limited , a leading industrial gas company, has announced its complete exit from FP Solar Shakti Private Limited, marking a significant shift in its investment strategy in the renewable energy sector.

Stake Transfer Details

Linde India has transferred its entire 18.29% stake in FP Solar Shakti Private Limited to Fourth Partner Energy Private Limited. The transaction involved the transfer of 16,50,465 equity shares for a consideration of Rs 4.79 crore. This amount matches the original investment made by Linde India in March 2023, indicating a break-even exit for the company.

Reasons for Exit

The stake transfer follows the termination of two key agreements:

1. Power Purchase Agreement
2. Share Subscription and Shareholders' Agreement

While the specific reasons for the termination of these agreements were not disclosed, it suggests a strategic realignment of Linde India's investments in the solar energy sector.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Linde India has duly informed the stock exchanges about this development. The company's Company Secretary, Amit Dhanuka, officially communicated this information to both the BSE Limited and the National Stock Exchange of India Ltd.

Implications

This exit from FP Solar Shakti, coming just six months after the initial investment, raises questions about Linde India's future plans in the renewable energy sector. While the company has managed to recover its initial investment, the quick turnaround might indicate a reassessment of its strategy in solar energy partnerships.

For Fourth Partner Energy Private Limited, the acquisition of Linde India's stake could potentially strengthen its position in the solar energy market, though the implications of this move for FP Solar Shakti's operations remain to be seen.

Investors and industry observers will likely be watching closely to see if this move signals a broader shift in Linde India's investment strategy, particularly in relation to renewable energy projects.