Moneycontrol
SENSEX NIFTY
you are here:

Linde India Ltd.

BSE: 523457 | NSE: LINDEINDIA | Series: NA | ISIN: INE473A01011 | SECTOR: Chemicals

BSE Live

Jul 03, 16:00
619.45 -6.35 (-1.01%)
Volume
AVERAGE VOLUME
5-Day
8,153
10-Day
8,104
30-Day
8,482
2,659
  • Prev. Close

    625.80

  • Open Price

    631.10

  • Bid Price (Qty.)

    619.00 (1)

  • Offer Price (Qty.)

    622.55 (500)

NSE Live

Jul 03, 15:59
621.20 -4.25 (-0.68%)
Volume
AVERAGE VOLUME
5-Day
117,342
10-Day
83,321
30-Day
93,223
55,615
  • Prev. Close

    625.45

  • Open Price

    628.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Linde India
YEAR                       EVENTS
 1935 - The company was incorporated on 24 January, with the setting
 up
        of the Indian Oxygen and Acetylene Company in Calcutta.  It
        manufactures and deals in oxygen, hydrogen, nitrogen,
 acetylene
        and other gases, welding and cutting equipment, etc.
 
      - The BOC Group, IOL has served different sectors of industry,
 such
        as steel, copper, cement, petrochemical, national defence and
        medical institutions.
 
 1985 - The company modernised its Jamshedpur unit.  A new unit to
        manufacture helium was set up in Taloja, Maharashtra.
 
 1988 - A technical collaboration was entered into with Matsushita
        Industrial Equipment Co. Ltd., of Japan in July, for
 manufacture
        of a new generation of welding equipment and air plasma
 cutting
        equipment.
 
 1992 - The Tarapur Unit has been awarded a Certificate of Merit by
 the
        Council of Industrial Safety, Mumbai, for excellent
 performance
        in Industrial Safety during the year.
 
 1993 - 3,350,434 New Ordinary Shares of the Company have been
 allotted
        to The BOC Group plc on 22 March, at a premium of Rs. 30 per
        share on receipt of Rs. 134,017,360 in foreign exchange as
 their 
        subscription for these shares.
 
      - The Members had also approved on 14 January, issue of
 8,975,957
        New Ordinary Shares to the members, in the ratio of one share
 for
        every two shares held, at a premium of Rs.20 per share,
 448,798
        New Ordinary Shares to the permanent employees and further
        467,116 New Ordinary Shares to The BOC Group (to maintain its
        holding at 51% of the Share Capital), both at the same
 premium.
 
      - The Company has commenced a major project for installation of 
 a 
        Tonnage Air Separation Plant at Taloja, Maharashtra.
 
      - The Company had, during the year, introduced a sophisticated 
        respirator manufactured by Puritan Bennett, USA for use in 
        critical care areas.  The BOC Group, was launched during the
        year.
 
      - The Company is also upgrading the locally manufactured Boyle
        anaesthesia machine.
 
 1994 - IOL's new 110 TPD liquid-capacity air separation plant at
 Taloja
        was commissioned on 29 March, ahead of schedule.
 
      - The special features of the plant include sophisticated
        instrumentation and control systems, a combined Feed Gas and
        Recycle Compressor, a special design to achieve full
 production
        for high variation of electrical frequency, a Feed Gas
 Compressor
        and systems to ensure pure, uninterrupted supply of Nitrogen
 gas
        during power failure or plant breakdown.
 
      - BOC's relentless pursuit of consistent quality was
 recongnised
        when the Tarapur unit was awarded accreditation under ISO 9002
 by
        the internationally reputed certifying authority, RW-TUV of
        Germany.
 
      - BOC's Plant Manufacturing Works manufactured its largest
 vessel,
        weighing about 23 tonnes when empty, for storing crude Argon.
 
        This has been installed at Taloja.
 
      - BOC has introduced Individual Quick Freezing of marine
 products
        using Liquid Nitrogen.
 
      - BOC has recently introduced three models of New Generation
        Anaesthesia Machines-Boyle Basic, Boyle Tec and Boyle Ultima.
 
      - In July, IOL received two National Safety Awards for the year
        1992.
 
      - The Hyderabad Unit was adjudged winner in the category
 `Average
        Lowest Frequency Rate', while the Visakhapatnam Unit won in
 the
        category `Longest Accident-Free Period' Hyderabad also
 received
        the runner-up Award in the second category.
 
      - Special Commendation Certificates were also won by IOL units
 at
        Ahmedabad, Bangalore and Chennai.
 
      - Prosperity Sharing agreements were signed at various units by
        employees' representatives and the management.
 
      - The Company has entered into a strategic alliance with a
 leading
        chemical company by which IOL has been granted exclusive
        distribution rights for approximately 2 million cubic metres
 of
        Argon; with this arrangement, together with IOL's own
 in-house
        capacity, IOL will become the major Argon supplier in the
 Indian
        market.
 
      - The Company has obtained ISO 9002 accreditation for its
 Tarapur,
        Jamshedpur and Bangalore gas plants during the year.
 
      - During the current year, the Company proposes to strengthen
 it
        cooperation with Ohmeda, the Health Care Division of BOC. It
 will
        also participate in a global alliance between Ohmeda and
        Hewlett-Packard for medical electronic business by which the
        Company will market medical electronic monitors in India.
 
      - Contracts Division had, during the year under review,
 installed
        and commissioned the Company's Tonnage Air Separation Plant
 at
        Taloja and also the Hydrogen Plant at the same site.
 
 1995 - A programme has been embarked upon to re-establish the Company
 as
        the leading supplier to the high growth, high technology
 special
        gases business.
 
      - The Company won the BOC Group Absolute Award for 1995 for the
        lowest lost workday case accident rate for Units with more
 than 3
        million workhours.
 
      - The Company has won, during the year under review, a large
 third
        party order from the Bhilai Steel Plant for a 550
 tonne-per-day
        Air Separation Plant.
 
 1996 - The Company's unit in Delhi at Kirtinagar was closed down in
        terms of the Hon'ble Supreme Court's Order dated 8 July,
        directing closure of hazardous industries operating in Delhi,
        with effect from 30 November.
 
 1997 - BOC India Ltd. a member of multinational British Oxygen, has
        set up, at Ambattur, Chennai, a 600-metre cube per hour
 liquid
        oxygen compressing station costing Rs.1 crore.
 
      - BOC India Ltd proposes to close down two of its existing
        high-pressure old plants of 14 tonnes per day (tpd) capacity
        each in Chennai and put up a tonnage plant of 120 tpd
 capacity
        in the southern region.
 
      - BOC India, a member of the BOC group, has signed an agreement
        with Spantech Products of the UK to market a new gas
        container-BOC Handimix 10 cannister-in the country.
 
      - BOCL has also entered into a tieup with Zuari Agro to market
        the latter's production of argon (3.8 million cubic metres a
        year).
 
      - BOC India has set up a new liquid compressing station in Kona,
 in
        the Howrah District of West Bengal. 
 
 1998 - BOC India Ltd, the major producer of oxygen, nitrogen and
 argon
        for industrial purposes, is exploring the possibility of
        diversifying into LPG and hydrogen gas.
 
      - BOC India, the subsidiary of the UK-based industrial gases
        giant, has decided to close down its oxygen plant in Asansol,
        West Bengal, with effect from September 30.
 
 1999 - BOC India has launched a major initiative to improve the
 returns
        on existing assets, particularly in merchant and medical
 gasses
        businesses, by improving volumes without a concomitant
 increase
        in costs.
 
      - The Maharashtra Government has granted BOC India Ltd
 permission
        to close down operations at its gases unit at Ghatkopar,
        Mumbai, on the grounds of continuing losses and persistently
        poor productivity.
 
      - BOC India Ltd has launched a miniaturised oxygen plant for
 home
        use as part of its growth strategy for the home-care segment
 of
        medical gases business.
 
      - Industrial gases major BOC India Ltd is setting up a helium
        process plant, the first of its kind in the country, at
        Bakreshwar in the Birbhum district of West Bengal, as part of
 a
        gameplan to become self reliant in the production of rare and
        special gases which have vital strategic importance.
 
 2000 - BOC India, manufacturer of industrial and medical gases, has
 been
        awarded the contract for design, supply, installation and
        commission of hydrogen generation package for the Bakeshwar
        thermal power plant.
 
      - BOC India has comissioned a nitrogen purification plant for
 Tata
        Steel's cold-rolling mill at Jamshedpur.
 
 2001 - Crisil has assigned an AA rating to the Rs.50 crore NCD
 program of BOC India Ltd.
 
           - BOC India has entered into a strategic alliance wiht
 Bharat Petroleum Corporation for 
             distribution of liquefied petroleum gas.
 
 2002
 
 -GIC withdraws Mr B C Banerjee as the Nominee Director from the Board
 of BOC India.
 
 -Mr P B Ramanujam appointed as the Additional Director on the board
 of the company.
 
 -Enters into an agreement with TISCO for supply of gaseous oxygen.
 
 -Signs a settlement with the Union representing the workmen of its
 closed Asonsol Plant.
 
 2003
 
 -Sets up a Remuneration Committee of the Board comprising four
 non-executive Directors.
 
 -Commissions its new 225 tonnes per day Air Separation Unit plant for
 the supply of gaseous oxygen to TISCO.
 
 -Appoints Mr Colin Gordon as the Director on the Board of the
 company.
 
 -Commences new production/operations involving filling of medical and
 industrial cylinders at its Asanol plant.
 
 -Unveils Oxyline , a new mobile oxygen unit to cater to individual
 patients and small medical units.
 
 -Inaugurates a new ISP operating unit in Bangalore to produce
 compressed medical oxygen, industrial oxygen and compressed
 argon/argoshield
 
 2006
 
 -BOC signs gas supply agreement with JSW Steel.
 
 2007
 
 -BOC India Ltd has appointed Mr. Trevor J Burt as an Additional
 Director of the Company by the Board of Directors at its meeting held
 on January 18, 2007 with effect from that date.
 
 -BOC India Ltd has signed a 10 year long term agreement with Adhunik
 Metaliks Ltd for setting up and operating a 100 tonnes per day Air
 Separation unit at their steel works at Rourkela, Orissa for supply
 of oxygen, nitrogen and argon to them.
 
 
 2009
 
 - BOC India Ltd has appointed Mr. Kashyap Roy as an Additional
 Director and the Finance Director of the Company.
 
 2010
 
 - BOC India Ltd has appointed Mr. Binod Patwari, Head of Finance and
 Control - South & East Asia of The Linde Group as an Additional
 Director (Non Executive) of the company.
 
 
 2011
 
 - Commencement of commercial Production at the Company's 418 tpd Air
 Separation Unit at Kalinganagar, Orissa.
 
 - Appointed Mr. Arun Balakrishnan as an Additional Director (Non
 Executive Independent Director) of the Company. 
 
 - Board of Directors of the Company at its meeting has recommended a
 dividend of 15% (Rs. 1.50 per equity share of Rs. 10 each) for the
 year ended.
 
 
 2012
 
 - Mr Sanjiv Lamba, a Non-Executive Director of BOC India as the
 Chairman of the Board of Directors of the Company.
 
 - The Company has commissioned its 2550 tonnes per day Air Separation
 Unit (ASU) at Tata Steel Ltd's works in Jamshedpur. Further inform
 that the Company has also commissioned a Merchant Air Separation Unit
 at Taloja having a total merchant liquid products capacity of 450
 tonnes per day. Both the aforesaid Air Separation Units are operating
 satisfactorily.
 
 - BOC - Signing of contract for long term supply of gases to Tata
 Steel Ltd.'s Kalinganagar Project.
 
 -Company has changed its name from BOC India Ltd. to Linde India Ltd.
 
 
 2013
 
 -The Registrar of Companies, West Bengal consequent upon change of
 name of the Company from BOC India Limited to Linde India Ltd.
   
 
 2014
 
 -The Company has recommended a dividend of 15% (i.e. Rs. 1.50 per
 equity share) for the year ended December 31, 2013.
                                                
 2015
 -Linde India launches its first dedicated cylinder filling site for
 healthcare medical gases at Siliguri
 -Linde India sets up new facility in West Bengal