Linde India Limited has issued a clarification regarding recent media reports about a potential Rs. 82 crore investment in Khordha, Odisha. The company stated that the investment is still under discussion and has not been finalized, contrary to some news articles suggesting otherwise.

Investment Status

The clarification comes in response to a news article published on Odishatv.in on September 19, titled "Odisha gets Rs 82 crore GCC investment; Linde India to set up Centre in Khordha, create 210 jobs". Linde India has emphasized that the proposed investment is currently at a preliminary stage.

Key Points of Clarification

• Non-binding MoU: The company revealed that it is in discussions with the Odisha State Government under a non-binding Memorandum of Understanding (MoU).
• Premature Reports: Linde India stated that it is premature to comment further on the news reports appearing in mainstream media.
• Ongoing Discussions: The company confirmed that talks are ongoing, but no final decisions have been made regarding the investment.

Commitment to Transparency

In its communication to the stock exchanges, Linde India reaffirmed its commitment to accurate and timely disclosures. The company stated:

"We wish to state that the Company has robust processes to comply with its disclosure obligations and is committed to making accurate and adequate disclosures in a timely manner as required by Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended."

Investor Considerations

While the potential investment in Khordha has garnered attention, investors and stakeholders are advised to await official announcements from Linde India regarding any concrete developments. The company's clarification serves as a reminder of the importance of relying on verified information directly from the source.

Linde India continues to engage with the Odisha State Government, and any material decisions or agreements will be communicated through proper channels in compliance with regulatory requirements.

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.