Kolkata, July 19 (IANS) Industrial gas manufacturer BOC India (BOCI), a member of Germany-based The Linde Group, Thursday reported a 24.65 percent slide in its net profit to Rs.203.19 million for the quarter ended June 30, 2012, from Rs.269.68 million for the same period last year.
According to a company release here, the firm, however, reported net sales of Rs.3,424 million during the period under review, an increase of 39 percent as against Rs.2,470 million recorded in the same quarter last year.
The gases business of the company recorded a sales growth of 15 percent over the corresponding period last year.
BOCI follows calendar year as its accounting year.
During the second quarter, the company commissioned its 2,550 tonnes per day (tpd) air separation plant at Tata Steel's Jamshedpur steelworks.
"This new 2,550 tpd plant in Jamshedpur is now the largest air separation plant in India. The company also commissioned a new 450 tpd merchant air separation plant at Taloja, western India, which will cater to the growing demand for industrial gases in the west," the release said.
