BOC India Ltd would raise Rs 780 crore in 2011 through external commercial borrowing to execute its projects of Steel Authority of India and Tata Steel Ltd. The loan would be given by Linde AG, the parent company, as inter-corporate loan which would be treated as an ECB.
The company's total capital expenditure plan till 2012 is estimated to be Rs 1,500 crore, which would be raised through internal accruals and debt.
BOC will build and commission a state-of-the-art 2550 tonne per day (TPD) air separation unit at the Tata Steel plant in Jamshedpur, Jharkhand. Once commissioned in early 2012, it would be the largest air separation plant in the country. Total investment in the unit would be Rs 600 crore.
BOC will also execute other air separation unit with a 400 TPD plant for Jindal Steel and Power and two plants of 855 TPD capacity each at Rourkela plant of Steel Authority of India in Orissa. These apart, BOC would also invest in merchant oxygen plants with aggregate capacity of 600 TPD by 2012.