“Fortunately, the numbers of new infections in India have started showing some decline and with vaccinations, I am hopeful that India will be able to overcome the situation sooner rather than later, which will help us focus our energies on the profitable growth,” said R J Hughes Chairman of Linde India in his letter to shareholders.
Linde is a major supplier of industrial as well as medical oxygen in India.
The Central government has allowed supply of oxygen to certain industries like on ‘temporary basis’, a decision taken after the Union Home Ministry got a request from oxygen users to allow them use oxygen for industrial purpose.
Some of the industries that made the request were secondary steel units, continuous process industries, furnaces, refineries, aluminum, copper processing plants, infrastructure projects and plants, Micro, Small & Medium Enterprises (MSMEs) exporters of manufacturing sector requiring oxygen for production, and also food processing units.
“Department for Promotion of Industry and Internal Trade (DPIIT) may allow usage of liquid oxygen to the above-mentioned industries/ projects/ units on a temporary basis subject to ensuring an adequate supply of liquid medical oxygen to hospitals and other medical purposes as per demands of States/ UTs as well as adequate supply to industries/ sectors such as ampules and vials, pharmaceuticals, manufacturing of oxygen cylinders and PSA plants, neutral glass tubing and defence forces,” Home Ministry said.
The facility was inaugurated recently by Steel Minister Dharmendra Pradhan along with Faggan Singh Kulaste, Minister of State for Steel.
This story is from the June 2021 edition of Steel Insights.
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This story is from the June 2021 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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