Industrial and medical oxygen major Linde India Ltd on Wednesday (September 4) said it has entered into a plant sale agreement with Tata Steel Ltd to acquire industrial gas supply assets, specifically two 1800 tpd air separation units (ASUs), from Tata Steel’s Kalinganagar phase two expansion project.

“…please be informed that the company has entered into the Plant Sale Agreement with Tata Steel Limited for acquiring their industrial gas supply assets – 2X1800 tpd Air Separation Units (ASUs) at their Kalinganagar Phase 2 expansion project,” according the company said in a stock exchange filing.

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This comes after Tata Steel declared Linde India as the successful bidder to own and operate gas-supplying infrastructure at the steel company’s plant at Kalinganagar for 20 years.

As part of the deal, Linde India will take over two air separation units that were under construction at the plant. The company said it will purchase the units from its own funds.

Shares of Linde India Ltd ended at ₹7,228.90, up by ₹2.40, or 0.033%, on the BSE.

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