BENGALURU (Bangalore), India, April 14, 2011 — Praxair India Private Limited has been awarded a contract to supply gaseous oxygen and nitrogen to Usha Martin Limited, India’s largest, and world’s second-largest, wire and wire-rope manufacturer.
Praxair India has been associated with Usha Martin’s Jamshedpur steel mill since 2000 and is operating two oxygen plants with a capacity of 220 tons per day of gaseous oxygen. Further strengthening the relationship, Usha Martin has entrusted Praxair with additional gaseous oxygen and nitrogen requirements required for its upcoming capacity expansion. Under this agreement, Praxair will build and operate a cryogenic air separation unit to supply 130 tons per day of gaseous oxygen and 65 tons per day of gaseous nitrogen. The new unit is expected to be operational in the first half of 2012.
“To support our expansion plans we need technically strong and reliable partners,” said Dr. Vijay Sharma, director & CEO of Usha Martin Limited. “We are highly satisfied with Praxair’s services over the years and are confident that Praxair, with its global expertise in industrial gases, will meet our requirements efficiently.”
“Praxair has been serving the global iron and steel industry for over 70 years and has been associated with India’s steel growth for the last 15 years,” said Mr. Asit Gangopadhyay, managing director of Praxair India. “Usha Martin is a leading specialty steel manufacturer in India and we are immensely proud to be chosen as a partner in their expansion plans.”
Praxair India has built large air separation units to supply industrial gases to companies such as JSW Steel, Tata Steel, Steel Authority of India, Saint-Gobain Glass, Haldia Petrochemicals, Jindal Steel & Power Limited and Hospet Steel. Praxair India is currently building a large facility to supply gaseous hydrogen and nitrogen to Indian Oil Corporation at Paradip, Orissa.
About Praxair India
Praxair India Private Limited, headquartered in Bengaluru, is a wholly owned subsidiary of Praxair Inc. (NYSE: PX) and is India’s largest industrial and medical gases supplier. Praxair has invested over Rs.2,900 Crores ($640 million) in India to meet the country’s growing industry requirements. With 35 locations across the country employing more than 600 people, Praxair India serves varied industry segments including steel, refineries, petrochemicals, glass, automobile, shipbuilding and healthcare.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2010 sales of $10 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.
Susan Szita Gore