Industrial gases major Linde India announced that it has concluded the sale of its oxygen-making joint venture to JSW Steel. In view of the expiry of the gas supply contract with JSW Steel Ltd on 14 November 2021, Bellary Oxygen Company Private Ltd has signed and executed the Asset Sale Agreement with JSW Steel Ltd. and has received the consideration amount of INR 50 crores for the transaction. The joint venture company has since handed over the possession of the 855 tpd ASU and other related assets to JSW Steel Ltd as of 15 November 2021. The deal sees Linde divest the Bellary Oxygen Company, which houses an 855 tonnes per day air separation unit and other related assets to JSW Linde India, a member of Linde Plc, owns and operates the sub-continent‘s largest air separation plant, and runs over 20 production facilities and filling stations across India. The company supplies a wide variety of gases and mixtures. Its engineering division designs and builds nitrogen plants, hydrogen pressure swing adsorption plants, compressed air systems and gas distribution systems.
Industrial gases major Linde India announced that it has concluded the sale of its oxygen-making joint venture to JSW Steel. In view of the expiry of the gas supply contract with JSW Steel Ltd on 14 November 2021, Bellary Oxygen Company Private Ltd has signed and executed the Asset Sale Agreement with JSW Steel Ltd. and has received the consideration amount of INR 50 crores for the transaction. The joint venture company has since handed over the possession of the 855 tpd ASU and other related assets to JSW Steel Ltd as of 15 November 2021. The deal sees Linde divest the Bellary Oxygen Company, which houses an 855 tonnes per day air separation unit and other related assets to JSW Linde India, a member of Linde Plc, owns and operates the sub-continent‘s largest air separation plant, and runs over 20 production facilities and filling stations across India. The company supplies a wide variety of gases and mixtures. Its engineering division designs and builds nitrogen plants, hydrogen pressure swing adsorption plants, compressed air systems and gas distribution systems.
