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Sunday, January 23, 2022

This company which makes Oxygen is getting new contracts, 245% returns given to investors in a year, you also have a chance

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ITC and Tata Group have tied up with Linde India to supply oxygen. 24-24 cryogenic containers will be made for both companies.

It has received contracts from companies like ITC, TCS.

The country is currently struggling with oxygen crisis. To meet this deficiency, the government has decided to waive the custom duty. The corporate of the country have also appeared in this noble cause. Big companies are helping the hospitals and state governments by converting industrial oxygen into medical oxygen. Linde India is the country’s leading manufacturer of industrial gas and has received contracts from companies like ITC, TCS.

The way corporates are coming forward, it is expected that in the coming days it will get many more contracts. In such a situation, when the stock market opens on Monday, there is a possibility of a surge in the stock of this company. The financials of this company are also very strong. In the last three months between the Corona crisis, this company has given 102 percent and 245 percent returns in a year. In the last trading session of this week, the company’s stock closed at the level of Rs 1866. The highest level for 52 weeks is 2074 rupees. The minimum level is 485 rupees. The market cap of the company is Rs 15911 crore.

ITC needs 24 containers

The ITC Group said on Saturday that it has entered into an agreement with Linde India Limited, under which 24 cryogenic containers will be imported for transportation of medical oxygen. The company said in a statement, “ITC Limited has tied up with Linde India Limited to ship 24 cryogenic containers from Asian countries, each with a capacity of 20 tons and used across the country as medical oxygen. This will be done for delivery. “Apart from this, the company is also procuring a large number of oxygen concentrators for distribution.

Tata group has also tied up

Tata Group has also tied up with Linde India for 24 cryogenic containers. It has a capacity of 20 tonnes of liquid for each container. These containers can also be used as oxygen storage in remote areas. Let us know that companies like Reliance, Tata Steel, Indian Oil, Bharat Petroleum are supplying oxygen to different hospitals right now.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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