| Gases, related products and services | Industrial and medical gases supplied in bulk, packaged cylinders, and onsite pipelines; includes medical equipment supply. | Strong regional network, long-term contracts, technological expertise, and integrated solutions capability. | B2B clients in steel, pharmaceuticals, healthcare, manufacturing, and fabrication sectors. | Onsite and specialty gases such as Argon and medical oxygen yield higher margins. | 292 | 94 | Revenue from gas sales under long-term contracts, cylinder sales, and medical equipment supplies. | Long-term contracts with cost pass-through; merchant and packaged sales use tiered pricing. | Rising industrial demand, healthcare infrastructure expansion, and strategic capacity additions. | Oxygen, Medical Oxygen, Nitrogen, Argon, Helium, Hydrogen, Carbon Dioxide, Nitrous Oxide, Acetylene |
| Project Engineering | Engineering, procurement, and construction of gas plants and medical gas pipeline installation. | Technical know-how, turnkey project experience, and established reputation in medical gas installations. | Healthcare facilities, industrial plants, government and private sectors. | Engineering services for medical gas pipeline systems. | 20 | 6 | Project contracts and engineering service fees. | Project-based contracts with milestone payments. | Expansion of medical infrastructure and industrial gas plants, government and private sector investments. | Medical Gas Pipeline Systems, Industrial Gas Turnkey Solutions |
