JSW Steel in contract with Praxair

JSW Steel in contract with Praxair

JSW Steel contracted with gas producer Praxair India to construct a 1,800 tons-per-day air separation unit to meet its industrial gas requirements from 6 MT to 10 MT by 2010, reports Economic Times.
The ir separation unit will be erected at JSW Steel`s Vijaynagar plant.

> The plant will be equipped with advanced controls and energy efficient process cycles. Praxair will also install significant storage capacity for liquid oxygen, liquid nitrogen and liquid argon primarily to meet JSW`s back up requirements and in order to supply merchant liquids to the southern region.

JSW Steel is engaged in the production and distribution of iron and steel products and generation of power.

The company`s wholly owned subsidiaries include JSW Steel (UK) Limited, which is involved in the investment in steel-related and steel allied businesses; JSW Natural Resources Li mited, an investment holding company, and JSW Steel Processing Centres Limited.
Shares of the company closed up Rs 32.3, or 4.38%, at Rs 770.55. The total volume of shares traded at the BSE was 381,507. (Tuesday)

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