Linde doubles Tata Steel gas capacity while Linde stock matches EUR 453.00 Xetra close
Published on 10/23/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIndustrial gas expansion and earnings
- Linde doubled Tata Steel capacity through two air separation units on October 21, 2026.
- Second-quarter revenue reached USD 9.29 billion, up 9.30 percent year over year.
- Linde stock trades at EUR 453.00 at 10:06 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.00 percent versus the Xetra close of October 22, 2026.
- Bernstein cut its target from USD 563.00 to USD 562.00 on October 20, 2026.
Linde (ISIN IE000S9YS762) was trading at EUR 453.00 at Lang & Schwarz on October 23, 2026 at 10:06 a.m. CEST, matching its Xetra close, while it doubled on-site capacity for Tata Steel. Linde announced the expansion on October 21, 2026.
Two units expand Tata Steel supply
The long-term agreement activates two air separation units at Tata Steel's Kalinganagar complex in Odisha, providing oxygen, nitrogen and argon for steelmaking. The additional equipment increases Linde's regional capacity to more than 7,000 tons of oxygen per day and supports Tata Steel's planned increase in annual steel output from 3 million tons to 8 million tons, according to Linde.
What does the expansion mean for earnings?
Linde's second-quarter 2026 revenue reached USD 9.29 billion, up 9.30 percent from the year-earlier period, while adjusted earnings per share came to USD 4.50 against USD 4.49 consensus. MarketBeat reported those results and said Linde's full-year 2026 adjusted earnings-per-share guidance stands at USD 17.70-17.90.
Three dates show the latest sequence
On July 31, 2026, Linde reported USD 9.29 billion in second-quarter revenue. On October 5, 2026, it scheduled third-quarter results for October 29, 2026. On October 21, 2026, it announced the Tata Steel expansion with two additional air separation units, according to Business Wire and Linde.
Targets remain above the market
MarketScreener said Bernstein retained a Buy rating while cutting its target from USD 563.00 to USD 562.00 on October 20, 2026. The target adjustment leaves the industrial gas expansion and the October 29 results as the next concrete tests for earnings delivery.
October 29 brings the next test
Business Wire said Linde will release third-quarter 2026 results by 6:00 a.m. EDT on October 29, 2026, followed by the conference call at 9:00 a.m. EDT that day. The release will show whether the company's project pipeline is translating into another period of revenue and earnings growth.
Stock holds at the Xetra close
Linde stock was trading at EUR 453.00 at Lang & Schwarz on October 23, 2026 at 10:06 a.m. CEST, unchanged versus the Xetra close of October 22, 2026 at EUR 453.00. The primary listing is Nasdaq, where Linde trades in USD.
The further course of trading is shown by the continuously updated real-time quote of Linde stock.
Linde stock facts
- Company: Linde plc
- ISIN: IE000S9YS762
- Ticker: LIN
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 23, 2026, 10:06 a.m. CEST): EUR 453.00
- Change versus Xetra close: 0.00 percent
- Xetra close (October 22, 2026): EUR 453.00
- Market capitalization: USD 235.3 billion (as of October 22, 2026)
- 52-week range: USD 387.78-548.20 (as of October 22, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
- Index membership: S&P 500
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
