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Praxair India Expands Supply to JSW Steel

  Praxair India Expands Supply to JSW Steel

Business Wire

BANGALORE, India -- January 21, 2013

Praxair India Private Limited, a subsidiary of Praxair, Inc., (NYSE: PX), has
signed a long-term contract with its existing customer, JSW Steel Ltd., part
of the O.P. Jindal Group. Praxair will expand the supply of gaseous oxygen,
nitrogen and argon to JSW’s steel mill located in Tornagallu, Bellary, in the
state of Karnataka. The supply contract will help the company, which is the
largest private sector steel manufacturer in India in terms of installed
capacity, to expand its steel production at Bellary from 10 to 12 million tons
per year.

Praxair will build a new air separation plant with an oxygen production
capacity of 1800 tons per day, in addition to the combined capacity of 6800
tons per day currently in operation at JSW Steel’s Bellary facility. The new
plant will also supply 1600 tons per day of nitrogen and a significant
quantity of argon to the customer. Additionally, the plant will add merchant
liquid capacity to support growing local demand in Southern India in the
steel, cement, chemical, textile, pharmaceutical and automotive markets.

“Praxair’s large, energy-efficient air separation units are continuing to
deliver quality, reliability and operational efficiencies to meet the growing
needs of our customers worldwide,” said Asit Gangopadhyay, managing director,
Praxair India. “This new contract further demonstrates our ability to execute
world-scale projects and our commitment to growth in India. We are proud to
have been selected by JSW and look forward to many more years of success
together.”

“Praxair and JSW Steel have had a strong relationship for over 15 years,” said
Mr. Seshagiri Rao, joint managing director and group chief financial officer
for JSW Steel. “We have chosen to extend our commercial relationship with
Praxair to continue to benefit from their state-of-the-art technology, and
safe, reliable and efficient gas supply.”

Praxair India

Praxair India, a wholly owned subsidiary of Praxair Inc., started operations
in 1996 and is headquartered in Bangalore. Praxair has invested over Rs.2,500
Crores (US$565 million) in India to meet the country’s growing industry
requirements and has evolved into India’s largest industrial and medical gases
supplier serving varied industry segments including steel, refineries,
petrochemicals, glass, automobile, shipbuilding and healthcare. Praxair India
has 35 locations across the country employing more than 600 people.

About Praxair

Praxair Inc. is the largest industrial gases company in North and South
America, and one of the largest worldwide, with 2011 sales of $11 billion. The
company produces, sells and distributes atmospheric, process and specialty
gases, and high-performance surface coatings. Praxair products, services and
technologies are making our planet more productive by bringing efficiency and
environmental benefits to a wide variety of industries, including aerospace,
chemicals, food and beverage, electronics, energy, healthcare, manufacturing,
metals and others. More information on Praxair, Inc. is available on the
Internet at www.praxair.com.

About JSW Steel

JSW Steel Ltd., belonging to JSW group, part of the O.P. Jindal Group, is one
of the lowest cost steel producers in the world. The group has diversified
interest in mining, carbon steel, power, industrial gases, port facilities,
aluminum, cement and information technology. JSW Steel Limited is engaged in
the manufacture of flat and long products, H.R. Coils, C.R. Coils, galvanized
products, galvalume products, auto grade/white goods grade CRCA steel, bars
and rods. Incorporated in 1994, it has grown to about US$10 billion in a
little over fifteen years. JSW Steel Limited is one of the largest producers
and exporters of coated flat products in the country with presence in over 100
countries across five continents. Additional information can be found at
www.jsw.in.

Contact:

Praxair Inc.
Media
Jacqueline Hunt, 203-837-2663
jacqueline_hunt@praxair.com
or
Investors
Kelcey Hoyt, 203-837-2118
kelcey_hoyt@praxair.com