Online edition of India's National Newspaper
Saturday, Oct 25, 2008
ePaper | Mobile/PDA Version
Google



Business
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |



Business Printer Friendly Page   Send this Article to a Friend

Linde group bets big on India

Special Correspondent

Zeroes in on electronic, solar photovoltaic cell units to sell gas

KOLKATA: The Linde group, which holds majority equity in BOC India, sees India as a major market and one which will be least impacted by the current global economic uncertainty. Linde group is bidding for opportunities for BOC and is looking at organic and inorganic growth, according to S. Lamba, head of Linde’s South-east Asian group which cuts across 10 countries from Korea to Pakistan.

Focus areas

Srikumar Menon, who was appointed BOC’s Managing Director, on Thursday, said that “the numbers were stacking up well for the company but it could not rule out being impacted in case any of its major customers in, say, the steel sector, announced cutbacks in its green or brownfield investment plan. There has been no such announcement as yet.” Industrial gases and projects engineering are two of BOC’s major activity areas.

Mr. Menon said that Linde invested around Rs. 600 crore less than a year ago and about Rs. 200 crore would be utilised for “tapping opportunities.” It has zeroed in on tapping the markets for gases for electronic units and solar photovoltaic cells as two of its new focus areas and has begun discussions with Reliance Industries. BOC’s net profit from operations for the nine month period ending September 30, 2008, increased by 169 per cent over the same period in 2007.

Printer friendly page  
Send this article to Friends by E-Mail



Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu