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Karachi, June 26, 2012 (PPI-OT): The Board of Directors of Linde Pakistan Ltd. has approved PkR 556 mn investment plan to set up a 4MW power plant at the Port Qasim facility.
According to Alfalah Securities Limited, this investment will be funded through a combination of debt and equity. The measure will enable the company to meet its energy requirements. Linde (formerly BOC Pakistan Ltd.) is a subsidiary of ‘The BOC Group Ltd.’ and is in turn owned by Linde AG, Germany. It is engaged in the manufacture of industrial and medical gases, welding electrodes and marketing of medical equipment. Linde reported profit after tax of PkR 87.8 mn (EPS: PkR 3.51) having a book value of PkR 61.72 per share in the first quarter ended March 31, 2012 and is trading at CY12E P/E of 8.5x.