| Industrial Gases | Manufacture and supply of oxygen, nitrogen, argon in liquid and gaseous forms for industrial and medical usage. | Longstanding client relationships, established infrastructure, and localized production capacity in southern India. | B2B clients including government entities, PSU's, steel, pharma, hospitals, and fabrication units. | Liquid gas products have relatively higher margins. | 45 | 100 | Revenue primarily from sales contracts with industrial clients and hospitals. | Contract pricing with competitive market rates, impacted by external cost factors. | Demand growth in healthcare and industrial sectors; efficiency improvements; strategic customer tie-ups. | |
