Financial Daily from THE HINDU group of publications
Monday, Jan 24, 2005
BOC India plans another gas bottling plant near Chennai
Chennai , Jan. 23
BOC India Ltd proposes to construct a gas bottling plant in the SIPCOT industrial complex in Irungattukottai, about 40 km from here, at an investment of around Rs 9 crore. The plant is expected to become operational by September.
Currently, BOC India has two bottling plants in Chennai at Tondiarpet and Ambattur.
After the Irungattukottai plant comes up, one of the two existing plants may be closed down, Mr Sanjiv Lamba, Managing Director, BOC India, told Business Line.
The new facility will have the latest features in gas bottling technology to ensure productivity and safety. It will also have separate units for gas meant for industrial and medical purposes, Mr Lamba said.
Mr Lamba was here to speak at a national seminar on industrial gases, organised by the All India Industrial Gases Manufacturers' Association.
BOC India, which is 55 per cent-owned by BOC Plc of the UK, is investing in two air separation plants, which produce various gases from the air. One is a 900-tonnes-per-day (tpd) plant at Bellary in Karnataka.
The plant will supply industrial gases (oxygen, nitrogen and argon) for Jindal Steel. The other is a 100-tpd plant coming up in Hyderabad at an investment of Rs 45 crore.
The company has five air separation units three in the western region and two in Jamshedpur.
Noting that BOC India is an old company in the country, Mr Lamba said, "Next Monday, we will complete 70 years of existence in India."
The current year has been good for BOC India. In the third quarter of the year alone, the company made a net profit of Rs 18.23 crore, which is four times what the company made in the same period last year.
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