One of the leading industrial gas producers and suppliers,
) subsidiary in India, Praxair India Private Limited started a
new production facility, third of its kind, for Usha Martin
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The plant has a daily production capacity of 130 tons of gaseous
oxygen and 65 tons of gaseous nitrogen. The gaseous oxygen and
nitrogen produced will be used for the expansionary plans of Usha
Usha Martin Limited is the leading wire and wire rope
manufacturer in India. Praxair's association with Usha Martin
dates back to 2000, when the former was awarded contracts to
supply gaseous oxygen, through two plants producing 220 tons
daily for Usha Martin's Jamshedpur steel mill.
A series of plant start-ups and contract wins signify the growing
preferences among customers for Praxair's world class technology,
high quality products and gas supply services.
The current Zacks Consensus Estimate for the fourth quarter of
2012 is $1.38, representing a year-over-year increase of 1.2%.
Estimates for 2012 and 2013 are $5.57 and $6.16, reflecting
annual growth of 2.5% and 10.7%, respectively.
Praxair is slated to release its fourth quarter 2012 financial
results on Jan 23. The stock currently bears a Zacks Rank #4
Other stocks in the industry performing better than the company
), both with Zacks Rank #1 (Strong Buy), and
Air Products & Chemicals Inc.
) with a Zacks Rank #2 (Buy). Air Products & Chemicals is
slated to release its first quarter of fiscal 2013 results on Jan
23. The Zacks Consensus Estimate for the quarter is $1.29.