Linde (LIN) said Thursday it signed agreements to de-captivate two air separation units and expand its existing supply of industrial gases to Tata Steel Limited's iron and steel making facility in India.
Linde said it is acquiring two additional ASUs, which are both under construction and expected to be transferred in 2025. Aside from supplying Tata Steel, the new ASUs will be used to supply the local merchant market, Linde said.
Financial details of the agreements were not disclosed.
Price: 476.60, Change: -0.83, Percent Change: -0.17
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.