When the deadly disease of coronavirus dawned on us, most people were looking for doses of fresh oxygen.
It was the most harmful time when people's lives were at risk if the fresh oxygen was not available to them on time.
Thus, a lot of companies that provided fresh oxygen generated enormous profits. These profits led to the hike up in the share prices of the oxygen manufacturing companies in India.
Further, Oxygen manufacturing companies have been asked to step up production and provide more oxygen to hospitals across India.
So here, we have listed some of the bullet points for you to get acquainted with some of the best oxygen manufacturing companies in India To make a sound decision as to which one is the best to invest in and get the maximum profit out of it.
Oxygen Manufacturing Companies in India Share Price (2022)
Want to jump straight to my top picks? My favorite oxygen manufacturing companies stocks is Bhagawati Oxygen Ltd. and Gagan Gases Ltd..
1. Bhagawati Oxygen Ltd.
Bhagwati Oxygen Ltd was incorporated in 1972. It is engaged in manufacturing and marketing industrial gases,
and liquid and solid propellants, explosives, and pyrotechnics. Bhagawati oxygen ltd was founded by R R Sharma S K Sharma,
Who had the vision to provide affordable gas cylinders to the common person.
The company is also known for its innovative product range, like the "Bhagawati-Oxygen" branded cylinders introduced in 1986.
Bhagawati Oxygen Limited has been a pioneer in industrial gases and allied services since its inception in 1956. It is a pioneer in the field of industrial gases and associated services.
The company has incorporated plants at Ghatsila, Bihar, with an additional capacity of 25 TPD, and Ballabgarh, Haryana, with 140 cm.
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2. Gagan Gases Ltd.
Gagan Gases Ltd was established in 1999 as a joint venture between GAIL and IOC.
It is engaged in distributing LPG (Liquefied Petroleum Gas) in the private sector.
Gagan Gases Ltd is an Indian company that promotes the distribution of LPG (Liquefied Petroleum Gas)
In the private sector in Madhya Pradesh and operates nationwide. The company has a network of over 1,000 distributors and 10,000 service stations across India.
The company started with a small team of two people and now has over 100 employees. The company has grown so quickly because of its focus on the customer's needs.
Gagan gases is a chemical engineering company that provides solutions for industrial and environmental processes. It is one of the fastest-growing companies in India, with annual revenue of $10 million.
Gagan gases have grown so quickly as it focuses on its customers' needs,provides effective solutions at scale.
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3. Linde India Ltd.
Linde India Ltd is a global company that has been in business for over 130 years.
It started as a small chemical plant in 1887, but today it is one of the world’s largest companies.
The company has gone through many changes since its inception and has grown exponentially over the years.
It was incorporated as a public limited company on 31 January 1926 under Linde AG.
In 2005, Linde India Ltd was established to help grow its business in India and become one of its leading chemicals companies.
In 2008, it became part of Linde Group, and today, it is one of the largest companies operating in India, with revenues exceeding USD 4 billion annually.
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4. Refex Industries Ltd.
Refex Refrigerants Limited was initially established as Refex Refrigerants Private Limited on 13 September 2002.
Further, the company was converted into a public limited company on 31 October 2004.
Refex Industries Ltd is a leading manufacturer of refrigerant and air conditioning systems in India.
It is also the largest manufacturer of refrigerants in India and one of India's largest manufacturers of air conditioning systems.
Refex Industries Ltd. is a company that has been designing and constructing specialised equipment for the transportation of liquids, powders, and liquefied gases on land or at sea.
After the company witnessed tremendous growth over the period, it started its refilling party in Chennai. The starting capacity of the company is 40 MT per month, it has one tank, one ISO tank.
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5. National Oxygen Ltd.
National Oxygen Ltd is a pioneer producer and supplier of industrial gases in liquid and gaseous forms.
With a well-established presence in India. National Oxygen Limited (NOL) was founded in 1989 by Mr A. Srinivasan.
The company is headquartered in Chennai, Tamil Nadu, India. It has a production capacity of 3 million tonnes per annum.
And has about 12000 employees, making it one of India's largest private-sector employers. National Oxygen Limited offers a wide range of products to its customers across various sectors, Including Industrial Gases, Medical Gas, Electrical & Electronics, Automotive & Transportation etc.
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6. Everest Kanto Cylinder Ltd.
Everest Kanto Cylinder Ltd is a leading manufacturer of seamless steel gas Cylinders with annual gross revenue of $750 million.
Everest Kanto Cylinder Ltd is one of the largest manufacturers of seamless steel gas cylinders.
It was established in 1978 and has become a leading manufacturer of these cylinders.
Everest Kanto Cylinder Ltd is headquartered in New Jersey, United States and operates from various locations across the globe.
Everest Kanto Cylinder Ltd was founded in 1978 by Mr Robert Grosz, who saw a market need for specialised gas cylinders that were unavailable from other companies.
In 1988, Everest Kanto became the first company to produce seamless steel gas cylinders that could be used for industrial purposes and commercial use.
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7. Bombay Oxygen Investments Ltd.
The company set its foot in the market in 1960 on 03 October. However, the name of the company was changed in the year 2018.
The Company is one of India's leading private sector companies, with a market capitalization of USD 2.5 billion.
The Company is engaged in manufacturing, marketing oxygen concentrators, oxygen cylinders, medical gases, related products.
The Company operates through two segments: Medical Gases and Oxygen Concentrators. The company's major business was involved in the manufacture
And supply of industrial gases, which was then ceased in the year 2019. However, the company then started setting up their financial statements.
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Conclusion
The shares of companies that produce oxygen had a mixed show. This decade, the shares of three major companies that produce oxygen indicated
That their stocks could be worth as much as $15 billion in the next few years. It is time to look up and put in your money to earn some easy profits.
The easiest way to start your investment on stable ground is to buy the shares of the oxygen manufacturing companies.
Frequently Asked Question
Q1. Which company produces the most oxygen in India?
India is the third-largest producer of oxygen in the world. It produces 10% of the world's total oxygen production.
The company that produces the most oxygen in India is Hindustan Petroleum Corporation Limited, which produces 80% of India's petroleum products.
Q2. Which company makes oxygen?
Oxygen is the lifeline for people. It’s an essential air to breathe to survive and has become the need of the hour with the advent of the deadly disease coronavirus.
The company that makes oxygen is called Air Liquide.
Q3. Which oxygen share is best?
Currently, if you are planning to invest in the stocks of a manufacturing company, the one company that is flooring the entire share market is National Oxygen Ltd.
The company provides a low equity base, and the promoters own 68% of its shares.
Q4. Is the oxygen plant profitable in India?
This is a question that many people ask themselves when they first hear about the idea of an oxygen plant in India. However, the answer is not so straightforward.
The answer to this question depends on how you look at it. If you are going to compare it to other industries, then no, oxygen plants are not profitable in India.
But if you consider all the benefits that the plants provide and factor in all the costs involved in setting up such a plant, then yes, oxygen plants are profitable.
Here are my best picks:
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