Tag: oxygen

Indian Industrial gas maker shares jump amid shortage of life-saving oxygen

Friday, April 23, 2021
India recorded 314,835 new infections yesterday (22nd April 2021), the world’s biggest one-day jump, and taking its case count to almost 16 million, the second-most globally. Supplies of medical oxygen, essential in many cases to treat seriously ill patients, have been depleted as hospitals around India have been overwhelmed by Covid-19 cases. An acute shortage of medical oxygen in India, amid a deadly wave of coronavirus infections, has triggered a surge in stocks seen linked to industrial gases. Oxygen manufacturer Linde India Ltd. has gained more than 90% so far this year, while National Oxygen Ltd. has advanced 59%.