Linde India, a part of the Munich-based Linde Group, is targeting to double its turnover within four years, Managing Director Moloy Banerjee has said. Its revenues stood at Rs. 1,411 crore in the January-December 2012 period.
The company (erstwhile BOC India) will focus on three of its five business segments for registering this increase. “We are focussing on tonnage (through the setting up of air separation units in steel plants and refineries), cylinders and the healthcare business for getting more business,” he said, adding that the company was positioning itself for the turnaround of the economy. “In respect of healthcare segment.. .the Tier II cites will fuel the growth,” he said.
Linde India also announced the launch of a Rs. 9.5 million investment in a cylinder filling and liquefied gases de-bulking facility at Dobbaspet, Bangalore, for storing a wide range of industrial gases and mixtures.
BOC was rebranded as Linde India in February 2013.
S K Menon, the former MD who has now been designated as Managing Director South Asia, said that although the Indian economy was down, there were signs of improvement. “There is stagnation, but this is also the time for consolidation in the company.”
Three mega trends
Mr, Banerjee said that for the Linde Group globally there were three mega trends on which it was focussing. This included healthcare, clean energy and environment. Referring to the tonnage segment, Mr. Banerjee said that over Rs. 2500 crore investment had already been committed. “While Tata Steel’s Jamshedpur air separation unit has already been completed, similar projects at Odisha’s Kalinganagar for other steel majors are at various stages of completion.’’
