Shares of Linde India hit an all-time high of 6,165.65 Indian rupees ($74.71) today (23rd August) after the industrial gas company won a Letter of Acceptance from Indian Oil Corporation (IOCL).
The LoA was granted after Linde set up a new air separation unit (ASU) within IOCL’s Panipat Refinery Complex near Delhi, India.
According to an exchange filing yesterday (22nd August), the ASU will enable onsite production and supply of instrument air, plant air and cryogenic nitrogen for IOCL’s expansion project at the refinery.
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