Expansion of Overseas Operations Through the Acquisition of an Industrial Gas Business in Eastern India
First written in FY2020-Q1. 11 of 15 entries say "Advanced", first in FY2020. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「AIR WATER INDIA PVT.LTD. Tata Onsite (Jharkhand, India) Digital & Industry Production equipment 17,237」
In India's industrial gas business, the company is advancing capital investment, including an ASU for TATA Steel's Jamshedpur steelworks, and is concretely expanding its manufacturing and supply base in India. - FY2026-H1AdvancedAnnual report
「AIR WATER INDIA PTE. LTD. TATA Steel Jamshedpur Steel Plant (Jharkhand) Digital & Industry Air Separation Unit (ASU) 12,900 December 2025」
The company disclosed a plan to develop an air separation unit (ASU) for TATA Steel's Jamshedpur steelworks in India's industrial gas business, with a planned investment of ¥12.9 billion and scheduled completion in December 2025. - FY2025AdvancedAnnual report
「In the India market within the Global & Engineering business, on-site supply to the steel industry remained firm, while expansion of industrial gas sales to new customers through tanker and cylinder supply also progressed steadily.」
In the Indian industrial gas business, expansion of external sales progressed through tanker and cylinder supplies to new customers, in addition to onsite supplies for steel manufacturers. - FY2025-H1AdvancedAnnual report
「Demand for industrial gases in India is expanding alongside economic growth. The company strengthened its business base by establishing a new cylinder gas filling plant, and both on-site supplies to the steel industry and gas supplies by tanker and cylinder remained solid.」
Following the acquisition of businesses in eastern and southern India, a new cylinder gas filling plant was established, strengthening the operating structure supporting onsite gas supply to the steel industry and external gas sales. - FY2024-Q3AdvancedAnnual report
「In India, the company won a new order for an on-site gas supply project for a steel plant operated by SAIL (Steel Authority of India Limited), a state-owned steel corporation. Construction of a liquefied gas production base in southern India and a gas filling base in the north progressed as planned.」
The company received a new order for an on-site supply project for the state-owned Steel Authority of India Limited (SAIL) in its Indian industrial gas business, and construction also progressed at a liquefied gas production base in the south and a gas filling base in the north. - FY2024-Q1AdvancedAnnual report
「In India's industrial gas sector, demand remained strong for both on-site gas supply to the steel industry and external gas sales supplied by tanker trucks and cylinders, and the business performed steadily.」
Demand for onsite supply to the steel industry and merchant gas supply in the Indian industrial gas business remains strong. - FY2023AdvancedAnnual report
「The Overseas and Engineering business progressed smoothly in India, where on-site gas supply for steelmakers continued to operate at high utilization rates in line with strong crude steel production, while efforts were made to improve plant operating efficiency.」
Regarding the industrial gas business in India, the Group disclosed the continued high operating rate of on-site supply to blast furnaces, along with improved plant operating efficiency and increased sales volumes of tanker and cylinder products. - FY2023-Q3AdvancedAnnual report
「The Overseas and Engineering business progressed smoothly in India, where on-site gas supply for steelmakers continued to operate at high utilization rates in line with strong crude steel production, while efforts were made to improve plant operating efficiency. Demand for gas supplied by tanker and cylinder also increased, including demand from the automotive sector, resulting in higher sales volumes.」
For the industrial gas business in India, the disclosure highlights continued high utilisation of on-site supply to blast furnaces, along with improved plant operating efficiency and increased sales volumes for tanker-truck and cylinder supply. - FY2021-Q3RestatedAnnual report
「The overseas business progressed steadily. In the core India business, on-site gas supply for steelmaking continued to operate at high levels in line with robust crude steel production. From the second quarter onward, demand for liquid gas and cylinder supply, including from the construction and automotive sectors, also remained high.」
In the Indian industrial gas business, including the acquisition of operations in eastern and southern India, high utilization of on-site supply to blast furnaces and strong demand from the construction and automotive sectors have continued. - FY2021-Q2AdvancedAnnual report
「Overseas operations, led by the core India business, performed above initial expectations. Although a lockdown began in March, onsite gas supply to the steel industry maintained high operating rates in line with strong crude steel production. From July onward, demand for gas supplied by tanker and cylinder also recovered sharply in construction, automotive and other sectors, while demand for medical oxygen increased, resulting in solid performance.」
Despite the impact of the lockdown, the India business maintained high utilization of on-site supplies to the steel industry, while tanker-truck and cylinder supplies and demand for medical oxygen also recovered from July onward. - FY2021-Q1AdvancedAnnual report
「In India's industrial gas business during the first-quarter cumulative period, the onsite gas supply business for blast furnaces, the core business, had almost recovered to pre-COVID levels by June, despite the impact of the lockdown.」
In the industrial gas business in India, on-site gas supply to blast furnaces recovered to near pre-COVID-19 levels in June 2020 despite the impact of lockdowns. - FY2020AdvancedAnnual report
「During the consolidated fiscal year, in the industrial gas-related business, the company acquired the industrial gas businesses in India from Praxair India Private Limited and Linde India Limited, respectively, establishing a solid position in India's industrial gas market.」
The acquisition of businesses in eastern and southern India was positioned as part of an integrated overseas growth strategy, expanding our foundation in India's industrial gas market. - FY2020-Q3RestatedAnnual report
「In addition, Air Water India Private Limited, which acquired the industrial gas businesses in eastern India from Praxair India Private Limited and in southern India from Linde India Limited, respectively, was newly consolidated from the current consolidated fiscal year.」
The company continues to disclose the new consolidation effects following the acquisition of the eastern India business. It also acquired the southern India business, expanding its industrial gas business base in India. - FY2020-Q2RestatedAnnual report
「From the cumulative second-quarter consolidated period, the company newly included in its consolidated accounts a subsidiary that acquired the industrial gas business in eastern India from Praxair India Private Limited.」
Following the acquisition of an industrial gas business in eastern India, the acquired subsidiary was newly consolidated from the cumulative second-quarter period, contributing to the performance of the industrial gas-related business. - FY2020-Q1AchievedAnnual report
「On 14 June 2019, through its Indian subsidiary Air Water India Private Limited, the company entered into an agreement with Praxair India Private Limited (hereinafter, Praxair India) to acquire the business operated by Praxair India in eastern India involving the production, sale and supply of oxygen, nitrogen and argon, and completed the acquisition on 12 July 2019.」
The company acquired an industrial gases business in eastern India on 12 July 2019. The acquisition price was INR 15.25 billion, approximately ¥24.4 billion, and the capital increase in the subsidiary was INR 16.9 billion, approximately ¥27.0 billion. The company describes the transaction as one intended to expand its industrial gases business in India by complementing the upstream on-site supply business for blast furnaces with its existing downstream business.