Nitrogen, hydrogen and specialty process gases piped directly into the fab for deposition, etching and annealing.
Linde IndiaDirect supplier · MediumListed
Linde India (LINDEINDIA)
Industrial and specialty gases (nitrogen, hydrogen, specialty process gases) for fabs
Price
₹5,652
snapshot 30 Oct 2026
Strengths
Local arm of a global industrial-gases leader with decades of fab-grade purity qualification experience worldwide, positioning it as a natural first call as Indian fabs qualify on-site gas suppliers
Risks
Semiconductor-grade gas supply is a small, undisclosed slice of a much larger industrial-gases business
FY23 figures were affected by a reporting period change, complicating trend comparisons
Note: FY23 figure unavailable due to a reporting period change (Dec-end to Mar-end transition)
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Supplies the nitrogen, hydrogen and specialty process gases piped directly into the fab for deposition, etching and annealing steps.
Why it matters
Fabs cannot run without a continuous, ultra-pure gas supply - any interruption halts production immediately.
Where the value pool sits
Gas suppliers earn long-term, contracted on-site supply revenue once qualified, giving steadier annuity-like economics tied to a fab's operating life rather than one-off equipment sales.
Key drivers
Number and size of operating fabs/ATMP plants
Purity requirements tightening as fabs target smaller geometries
Long-term supply contracts tied to a fab's operating life
Potential bottlenecks
Only a handful of global/domestic suppliers qualified to fab-grade purity standards
On-site plant buildout required before a fab can even start, adding lead time
Import dependence for some specialty-gas feedstocks
Investor metrics to watch
Long-term supply-contract wins tied to specific fabs
Segment disclosure (if any) for electronics/semiconductor gases
Capacity utilisation of on-site/dedicated gas plants