A Breath of Fresh Air: How Linde India Yielded 13,040% Returns
Had you invested 1 lakh in August 2002, you could have had ₹1.3 crores in profits today! Here’s a look at how Linde India has performed over the years.
⚗️ Stock Name: Linde India Ltd.
⚗️ NSE: $LINDEINDIA
🧪 About The Company
Linde India Ltd. was incorporated on January 24th, 1935 as Indian Oxygen and Acetylene Company. It is a leading supplier of gases and related products and services in India. The company is primarily engaged in manufacturing industrial and medical gases and constructing cryogenic and non-cryogenic air separation plants.
🏃🏼♂️ Diversified Operations
Linde vouches for almost 140 years of technological progress. Technology, innovation and an inventive spirit have characterised the company from the very beginning. Here are the 3 major sectors it contributes to:
⚗️ They cater to a large and wide range of industrial customers like steel, glass and chemical industries by supplying them with liquified gases through cryogenic tankers. Smaller customers include the fabrication, manufacturing and construction industries.
😷 The healthcare business provides high-quality gases for pharmaceutical use such as medical oxygen, synthetic air and nitrous oxide in addition to providing state-of-the-art medical gas distribution systems to major hospitals.
👷🏽 The project engineering division comprises the business of design, engineering, supply, installation, testing & commissioning of air separation plants and related projects on a turn-key basis.
💰 Stock Value
On August 16, 2002, the shares of the company were trading at ₹26.4. It was trading at ₹3469.1 as of August 15, 2022.