BOC India, the arm of BOC Group, which is the second largest industrial gases company in the world, has signed a long-term deal with Tata Steel Ltd.

Under the arrangement, BOC India will supply over 4000 tons per day of gaseous oxygen, nitrogen and argon to meet the demand arising from a 3 million tons per year expansion programme of Tata Steel Jamshedpur Plant.

According to an official release, BOC India will commission a 2550 tpd Air Separation Unit at the steel works of Tata Steel at Jamshedpur. The company will also immediately acquire and operate three ASUs owned by Tata Steel, as part of the contract.

Besides fulfilling the Tata Steel's gases requirements, the plant will also produce liquid products to meet the growth in merchant markets throughout India.

The stock of BOC India closed today at Rs 176, up 4% compared to its previous close.