BOC bags contract from SAIL

BOC bags contract from SAILIndustrial gas company BOC on Saturday revealed that it has secured an order from public sector steel major Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand.

The company officials said that BOC has inked 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 is searching the options to build 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.

Stock of BOC India closed on Friday at Rs 124, down 1.9 percent on National Stock Exchange (NSE). The total volume of shares traded on NSE was 3,206 (FRIDAY).