BOC to develop property at Hyderabad

BOC India Ltd has informed that the Company has entered into a Development Agreement with a developer in respect of its property comprising land and building situated at Sanathnagar, Hyderabad. Based on the Agreement, the Company will receive as consideration 25% of the total area that is proposed to be developed/constructed. The Company has in terms of the Agreement encashed 80% of the area receivable as consideration through a separate Agreement with the builder for Rs 62.22 crores, which has since been received in full. As per the Agreement, the Company has the option to encash the balance 20% of the area receivable as consideration before March 30, 2008.

BOC wins contract from SAIL

BOC India Ltd has informed that the Company's Project Engineering Division has won two contracts from Steel Authority of India Ltd (SAIL) aggregating to Rs 318 crores for setting up of two Air Separation Units at their units - Rourkela Steel Plant and IISCO Steel Plant. These contracts are to be executed over a period of 2-3 years.