July 29, 2013: Linde India Limited, a member of The Linde Group, announced its unaudited financial results for the quarter ended 30 June 2013, which were approved by the company's Board of Directors.

For Q2 2013 the Company reported a gross turnover of Rs 3,496 million, a decrease of 4 per cent as against Rs 3,627 million recorded in the same quarter last year. The gases business recorded a growth of 20 per cent, however the turnover of the engineering business net of inter-segment revenue was lower by 49 per cent compared to same quarter last year. In the quarter, the company's overall EBITDA grew by 6 percent to Rs 587 million, while EBITDA for the gases business rose by 20 per cent.

Linde India also announced that as part of its planned leadership succession, Mr Moloy Banerjee has been appointed as the Managing Director of the company and a member of its Board of Directors effective 30 July 2013. Mr Banerjee succeeds Mr Srikumar Menon, who stepped down as Managing Director and from the Board of Directors at the close of business on 29 July 2013. Mr Menon will continue as The Linde Group's Managing Director for South Asia, responsible for its businesses in India, Bangladesh and Sri Lanka.

Chairman of the Board of Directors of Linde India, Mr Sanjiv Lamba, said, "The Board is delighted to have selected Moloy Banerjee to the post, recognising Moloy's extensive knowledge and experience in the business built over a very successful 28-year career in India and abroad. Mr Menon has over the last few years successfully put Linde India on its growth path, and we are confident that Moloy will be able to build on Linde India's strengths and further advance the company's strategy and leadership position in the country."

Mr Banerjee said, "I am honoured to be appointed to succeed Mr Menon as Managing Director of Linde India, and am excited about the many current opportunities and future prospects of our business. I look forward to working with the management and staff of the company to deliver on these opportunities even as we continue in our mission of safely providing leading, innovative and quality solutions for the gases and engineering industry in India."