Air Liquide to Increase Presence in India by Investing $61.8 Million to Set up Air Separation Unit

BANGALORE, INDIA--October 20, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Air Liquide (OTC:AIQUY) (Paris), a worldwide supplier of medical and industrial gases, has announced plans to invest about $61.8 million to set up northern India's largest air separation unit. The products will meet the requirements of the 3 million-metric-ton-per-day naphtha cracker being set up by Indian Oil Corporation Limited (BSE:530965) (IOCL) (New Delhi) in Panipat, Haryana.

Other companies featured: Bharat Heavy Electricals Limited (BSE:500103), Steel Authority of India (BSE:500113), JSW Steel Limited (BSE:500228)