Praxair India Signs Major On-site Contract

Praxair India Signs Major On-site Contract

May 04, 2006

BANGALORE, India, May 4, 2006 — Praxair India today announced the award of a major contract from the Steel Authority of India (SAIL) to build and operate an on-site industrial gas plant at the site of SAIL's steel plant in Durgapur, north of Kolkata.

Praxair India will build, own and operate a state-of-the-art cryogenic air separation plant with a capacity of 700 metric tons per day (MTPD) to meet SAIL's gaseous oxygen requirements. The plant will also supply the growing demand for liquid oxygen, nitrogen and argon from customers in eastern India after meeting SAIL's requirements. The plant will be commissioned by early 2008.

"We have the confidence that Praxair will meet the quality and reliability expectations of SAIL in the supply of cryogenic gases required to meet the capacity expansions called for in SAIL's corporate plan," said Mr J.L. Aggarwal, executive director, projects, for SAIL's Durgapur steel plant.

"This contract with a major player in the Indian steel sector recognizes Praxair's overall capabilities and high level of service and safety standards," said Mr. John Panikar, managing director for Praxair India. "Praxair's air separation units are extremely reliable and this additional plant will help us in serving our customers in eastern India more efficiently," he added.

Praxair India recently commissioned an 875 MTPD plant for Tata Steel at Jamshedpur. It has also executed a number of other major Indian projects, among them two 2,500 MTPD cryogenic oxygen plants for Jindal Vijaynagar Steel Ltd. and additional plants for Kalyani Steels, Saint Gobain Glass India and Haldia Petrochemicals. Praxair has also installed innovative non-cryogenic on-site plants for customers such as Usha Martin, Timken, Epcos Ferrites and Sundaram Fasteners.

SAIL is India's largest steel producer with a hot metal capacity of 13 million metric tons per year and market share of over 25%. It is the world's 15th largest steel producer, with sales of over $5.2 billion.

Praxair India, headquartered at Bangalore, is the largest industrial gas producer in India, with more than 35 operating locations and 2005 consolidated sales of $120 million. More information on Praxair India is available at www.praxair.com/india.

Praxair India's parent company, Praxair, Inc., is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2005 sales of $7.7 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, electronics, energy, food and beverage, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.

Contact
Media Contact:
Jason Stewart

Email: jason_stewart@praxair.com

Phone: 1-203-837-2448

Investor Relations Contact:
Kelcey Hoyt

Email: kelcey_hoyt@praxair.com

Phone: 1-203-837-2118