BOC bags contract from SAIL

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Posted: Saturday, Jan 10, 2009 at 1411 hrs IST
Updated: Saturday, Jan 10, 2009 at 1411 hrs IST

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Mumbai: Industrial gas company B0C said it has bagged an order from state-run Steel Authority of India Ltd for supply of gas to meet its increasing demand.

In a filing to the National Stock Exchange, BOC said it has signed a 15-year long term gas supply contract with SAIL for supply of 2600 tpd of oxygen, nitrogen and argon gases to meet its incremental demand as it is expanding capacity at its Rourkela Steel Plant.

In line with this contract, the company proposes to set up two nos. 855 tpd Air Separation Units at the steel works of the plant with capacity of producing 400 tpd of liquid products to meet demand in the merchant market."

Shares of the company closed at Rs 124, down 1.90 per cent on Friday on the NSE.

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BOC bags contract from SAIL

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