BOC India has announced its audited financial results for the year ended 31st December 2008, which demonstrate stability in an economic downturn.
BOC India Ltd, a Linde Group company, has reported a gross turnover of Rs. 571.66 crores for the year 2008.
In the preceding nine months accounting period ended 31st December 2007, the company achieved just Rs. 327.19 crores, meaning an increase of around 31% on an annualised basis.
The gases business turnover was up about 19% on an annualised basis, this growth was mainly driven by higher volumes and improved realisations on argon and argon based products, both in bulk and packaged gases, effective execution of sustained liquid oxygen demand from steel majors in the East, and volume growth in the healthcare segment.
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