LINDEINDIA

Feb 7 (Reuters) - Linde India Ltd LIND.NS:

• DEC-QUARTER PROFIT 1.16 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 6.06 BILLION RUPEES

Source text: ID:nBSE805GmB

Further company coverage: LIND.NS

(([email protected];;))

Nov 7 (Reuters) - Linde India Ltd LIND.NS:

• LINDE INDIA SEPT-QUARTER CONSOL PROFIT 1.06 BILLION RUPEES

• LINDE INDIA SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.34 BILLION RUPEES

Source text: ID:nBSE9mQRFp

Further company coverage: LIND.NS

(([email protected];))

Oct 4 (Reuters) - Linde India Ltd LIND.NS:

• STARTED COMMERCIAL PRODUCTION AT AIR SEPARATION UNIT AT LUDHIANA

• PUNJAB UNIT CAPACITY IS 250 METRIC TONNES PER DAY

Source text for Eikon: ID:nBSE6xQMFY

Further company coverage: LIND.NS

(([email protected];;))

Sept 4 (Reuters) - Linde India Ltd LIND.NS:

• LINDE INDIA - COMPANY HAS ENTERED INTO PLANT SALE AGREEMENT WITH TATA STEEL LIMITED

• LINDE INDIA - AGREEMENT FOR ACQUIRING INDUSTRIAL GAS SUPPLY ASSETS AT KALINGANAGAR PROJECT

Further company coverage: LIND.NS

(([email protected];))

Aug 6 (Reuters) - Linde India Ltd LIND.NS:

• LINDE INDIA LTD JUNE-QUARTER PROFIT 1.12 BILLION RUPEES

• LINDE INDIA LTD JUNE-QUARTER REVENUE FROM OPERATIONS 6.53 BILLION RUPEES

Source text for Eikon: ID:nBSEbl4tYB

Further company coverage: LIND.NS

(([email protected];))

April 30 (Reuters) - Linde India Ltd LIND.NS:

• RECEIVED INTERIM EX-PARTE ORDER PASSED BY SECURITIES AND EXCHANGE BOARD OF INDIA

Source text for Eikon: ID:nNSE9f94Gx

Further company coverage: LIND.NS

(([email protected];))

** Shares of Linde India LIND.NS settled ~3.6% down at 6,782.65 rupees

** Local media reported the unit of industrial gases maker Linde LIN.DE is being investigated by India's markets regulator SEBI

** SEBI believes Linde India's disclosures of financial information, business transactions could be violating laws, report says

** Linde did not immediately reply to Reuters' request for comment

** Stock cuts YTD gains to ~20%

(Reporting by Nishit Navin)

(([email protected];))

Feb 28 (Reuters) - Linde India Ltd LIND.NS:

• INVESTED 410.9 MILLION RUPEES IN ZENATARIS RENEWABLE ENERGY

Source text for Eikon: ID:nBSE8bqsSJ

Further company coverage: LIND.NS

(([email protected];))

** Shares of Linde India LIND.NS rise as much as 10.6% to 5,985 rupees; their biggest intra-day gain in 3 months; stock last up 7.7%

** Reuters could not immediately verify a reason for stock move

** Stock set to snap a six-week losing streak

** Trading volume nearly 8x the 30-day moving avg

** Stock down 5.3% in Dec-qtr, its first quarterly fall since June-qtr 2022

** LIND rose for fourth straight year in 2023 with its about 64% rise

(Reporting by Kashish Tandon)

(([email protected]))

Oct 23 (Reuters) - The world's largest industrial gases firm Linde LIN.N announced a $1.275 per share dividend for the fourth quarter and declared a $15 billion share buyback program on Monday.

"Our first line of priority is to invest in high-quality growth opportunities and any surplus cash, deploy it to shareholders through a share repurchase program," - the company's chief executive Sanjiv Lamba said in a statement.

Linde has been using its excess cash for share buybacks over the past two years. The company has consistently beaten analysts' quarterly estimates over the period, according to data compiled by LSEG.

(Reporting by Andrey Sychev and Bartosz Dabrowski, editing by Thomas Escritt)

(([email protected];))

Updates Linde's statement in paragraph 6

Sept 20 (Reuters) - AdaptHealth AHCO.O said on Wednesday it had mutually agreed with recently appointed CEO Crispin Teufel to terminate his employment contract, weeks after the executive was sued by his former employer Linde LIN.DE.

Teufel was appointed in June and was due to start at AdaptHealth in September.

However, Linde in August sued to block Teufel's appointment for an unspecified time, in a bid to protect confidential information and trade secrets.

AdaptHealth was not named as a defendant in the lawsuit.

Teufel had served as CEO of Linde's unit Lincare, a rival to AdaptHealth and a provider of sleep apnea therapy and other respiratory care.

Linde declined to comment on the matter.

In a regulatory filing in late August, AdaptHealth had disclosed that the Connecticut district court had put a temporary restraining order on Teufel's appointment.

Under the court's order, Teufel was not permitted to commence his role at AdaptHealth until Oct. 15. The court also scheduled another hearing on Oct. 18 for the case.

AdaptHealth said its Chairman Richard Barasch will continue to serve as interim CEO until a successor has been appointed.

The company will resume working with an executive search firm to appoint a new CEO.

Shares of the U.S. respiratory equipment provider were down marginally in early trading hours.

(Reporting by Bhanvi Satija in Bengaluru; Editing by Krishna Chandra Eluri)

(([email protected]; Outside U.S. +91 9873062788;))

** Shares of industrial gases co Linde India LIND.NS rise as much as 3.79% to 6,139.95 rupees

** Co on Friday said Steel Authority of India SAIL.NS has picked it to install 1000 tonnes/day cryogenic oxygen plant

** Share price above 50-day, 100-day and 200-day exponential moving averages since June 9, suggesting bullish trend

** More than 47,000 shares change hands by 9:23 a.m. IST, 0.5x 30-day avg

** Stock up 76.4% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Linde India LIND.NS up as much as 5.4% at an all-time high of 6,076.15 rupees

** Industrial gas supplier on Tuesday, after market hours, said it received letter of acceptance (LoA) for a work contract from Indian Oil Corporation IOC.NS

** Contract to set up air separation unit on a site licensed by IOC within its Panipat refinery expansion project

** LIND on track to rise for sixth straight session, if gains hold

** Over 139,000 shares change hands by 09:23 a.m. IST, 2.4x the 30-day moving avg

** As of last close, stock up ~68% so far this year

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Aug 22 (Reuters) - Indian Oil Corporation Ltd IOC.NS:

• GETS LETTER OF ACCEPTANCE BY INDIAN OIL CORPORATION

• EXPECTS TO FUND CAPEX BY ITS OWN FUNDS OR INTERNAL ACCRUALS

Source text for Eikon: ID:nBSEvFYsz

Further company coverage: IOC.NS

(([email protected];))

** Shares of Linde India LIND.NS rise as much as 3.34% to 5,168.50 rupees

** The industrial gases supplier reports positive outlook on demand and profitability at its annual general meeting (AGM) on August 17

** Co expects 9% annual growth in industrial gases market due to expansion in steel sector; sees rising demand for ammonia, nitrous oxide from auto sector

** Global brokerage Haitong International reiterates "outperform", citing scope for sustained revenue growth and profitability

** LIND posts 57% surge in revenue within specialty gases category with management anticipating further surge in demand: Haitong

** LIND was little changed on Friday amid slide in benchmarks

** Relative strength index rises above 70 on Monday, suggesting the stock may be overbought: Refinitiv data

** LIND up ~51% in 2023 so far, including day's gains

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Aug 8 (Reuters) - Linde India Ltd LIND.NS:

• JUNE-QUARTER PROFIT 981.4 MILLION RUPEES VERSUS PROFIT 1.69 BILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 7.21 BILLION RUPEES VERSUS 5.88 BILLION RUPEES

Source text for Eikon: ID:nBSEccLcvW

Further company coverage: LIND.NS

(([email protected];;))

By Naomi Rovnick

LONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space.

At stake is how best to invest in the potential of Artificial Intelligence (AI), which took a leap forward in November when Microsoft-backed OpenAI released its ChatGPT bot, without buying into a bubble.

Shares in Nvidia NVDA.O, which makes computer chips that train AI systems, have almost doubled since ChatGPT's launch. The company's stock market value at roughly $940 billion is more than double that of Europe's Nestle NESN.S. Nvidia surged some 25% on Thursday alone after forecasting a sales jump.

Shares in loss-making AI software company C3.AI, which grabbed the stock ticker AI, have risen 149% this year and Palantir Technologies PLTR.N, which has launched its own AI platform, is up 91% year-to-date.

Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work.

Consultancy PwC sees AI-related productivity savings and investments generating $15.7 trillion worth of global economic output by 2030, almost equivalent to the gross domestic product of China.

The question for investors is whether to jump on the AI train now, or exercise caution, especially given mounting concern amongst regulators about the technology's potentially disruptive impact.

"There are clearly going to be winners in all this," said Niall O'Sullivan, chief investment officer of multi-asset for EMEA, at Neuberger Berman. "It's just that that’s very hard to be true for the entire market."

STILL EARLY

Instead of backing hot start-ups or rushing into highly valued AI-themed businesses that might fail, seasoned investors are taking a lateral view to back already proven technology companies that might benefit from the longer-term trend.

"It's going to be as transformative as the internet, as the mobile internet, as the mainframe computer was," said Alison Porter, a tech fund manager at Janus Henderson, whose funds have positions in Nvidia, with Microsoft as their largest holding.

However, Porter also cautions that "we are still very early on the use cases for AI."

She favours big tech groups like Microsoft MSFT.O and Alphabet GOOGL.O because they have "strong balance sheets", that make them "able to invest in many different technology advances", including their recent focus on AI.

BEWARE, THE HYPE

Dizzying valuations have made some investors wary of the technology hype cycle. This concept, popularised by consultancy Gartner, starts with a trigger, such as the launch of ChatGPT, followed by inflated expectations and then disillusionment. Even if a technology moves to mass adoption, many early stage innovators can fail along the way.

"There's a question about where we are in that curve with AI, where the hype is so visible," said Mark Hawtin, investment director at GAM Investments. "There are ways to get exposure to the (AI) theme without picking something that is highly valued."

PICKS, SHOVELS

Janus' Porter recommended backing proven companies that may be "big beneficiaries in terms of providing infrastructure," for future trends in generative AI that, as of now, are unclear.

GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology.

For example, AI systems require huge volumes of data to analyse and learn from, but just 1% of global data is currently being captured, stored and used, according to Bank of America.

Hawtin's funds hold Seagate Technology STX.O, which makes hard drives and data storage products, and chipmaker Marvell Technology for this reason, he said.

Jon Guinness, tech portfolio manager at Fidelity International, said management consultancy Accenture CAN is in his portfolio because as businesses consider how to use AI, "I strongly think you call in the experts."

STICKING TO BIG TECH

Trevor Greetham, head of multi-asset at Royal London Investment Management, said he was "overweight" in dominant tech stocks in part because AI supported their valuations, but he cautioned against AI-themed stocks.

"There will be an awful lot of losing lottery tickets," he said, recalling the dotcom crash of the early 2000s.

Also sticking with big tech, Fidelity's Guinness said his funds hold Amazon, partly because of its efforts to make AI less expensive for businesses. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.

"The big benefits of AI," Janus' Porter said, "are going to happen over the long term."

"Investors want to invest in AI now and they expect things to happen now," she added. "But we would never blindly buy into AI and we don't do things at any price."

(Reporting by Naomi Rovnick; Additional reporting by Lucy Raitano. Editing by Dhara Ranasinghe and Sharon Singleton)

(([email protected];))

** Shares of Linde India Ltd LIND.NS rise as much as 4.66% to 4,051 rupees

** Co reports 51% YoY rise in Q4 consolidated profit; revenue from operations up 18%

** Core profit rises 41% Y/Y; core profit margin expands to 29.5% from 24.6%

** Co approves a total dividend of 12 rupees per share, inclusive of a special dividend of 7.50 rupees per share, subject to shareholders' approval

** Trading volume is ~71,300 shares as of 12:45 p.m. IST, 2.4x the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

By Sabrina Valle

HOUSTON, April 4 (Reuters) - Exxon Mobil Corp's XOM.N Low Carbon unit has the potential to generate hundreds of billions of dollars over time and outperform the company's traditional oil and gas business, top executive Dan Ammann told Reuters.

The largest U.S. oil producer on Tuesday lays out to investors the aims of its emerging energy transition strategy in a meeting with Wall Street. Exxon foresees a future less prone to commodity price swings through predictable, long-term contracts with customers striving to reduce their own carbon footprint.

"This business is going to look quite a bit different than the base business of Exxon Mobil," vowed Ammann, president of Exxon's two-year-old Low Carbon Business Solutions unit. "It is going to have a much more stable, or less cyclical, profile."

How quickly that vision becomes a reality will depend on regulatory and policy support for carbon pricing - something the United States has not broadly accepted - and the cost to abate greenhouse gas emissions, among other changes, he said.

"We will put out some parameters for how we see that growth unfolding," Ammann said, declining to comment on whether expectations for rising oil prices underpin the strategy.

Exxon is one of the most oil- and gas-focused companies among Western oil producers, a strategy that delivered record profits for its investors last year as fossil fuel prices soared.

Unlike its peers, Exxon has stayed away from renewable energy like solar and wind. Its energy transition plans lean heavily on reducing carbon emissions from its own operations, which Exxon is spending $10 billion by 2027 to implement.

The company is investing another $7 billion to commercialize three technologies to reduce greenhouse gases: carbon capture and storage, hydrogen as a fuel and biofuels.

The three have a combined market potential of $6.5 trillion by 2050, equivalent to the traditional oil and gas business, the company estimates.

Exxon on Tuesday disclosed that it signed a long-term agreement with New-York traded Linde, adding a new client to its portfolio of companies looking to pay to decarbonize their own operations.

Under the agreement, Exxon will transport and permanently store up to 2.2 million metric tons of carbon dioxide each year from Linde’s hydrogen production facility.

Exxon has expectations to make "robust double-digit returns in the business" built off these long-term contracts, Ammann said.

(Reporting by Sabrina Valle; Editing by Mark Porter)

(([email protected] | Twitter: @sabrinavalle))