BOC posts higher profit

Kolkata, Oct 26 (UNI) BOC India Limited, now a member of the Linde Group, today posted a 86 per cent growth in profit before tax for the July-September period over the corresponding period previous year.

The Company's gross sales for the quarter stood at Rs 134.22 crore, compared to Rs 107.39 crore achieved in the corresponding period of the previous year, registering a growth of 25 per cent.

During the quarter Bellary Oxygen Company Private Limited, in which BOC India Limited holds 50 per cent of the paid up share capital, commissioned a 855 ton per day Air Separation Unit at Bellary, built to supply gases to JSW Steel Limited as per the long term gas supply contract entered into in this regard.

" Going forward this ASU plant will improve our market position and strengthen our leadership position in the gases industry, " said E R Raj Narayanan, Managing Director, BOC India Limited.

Also during this period BOC India Limited commissioned a state-of -the-art liquid compression facility at a greenfield site in Pune.

This new plant in Pune is part of a long-term strategy to expand the geographical reach of the Industrial&Special Products (I&SP) business of the Company.

A special gases manufacturing facility was also commissioned at the new site in Taloja keeping in mind the growing demand of such gases in the country.

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