Chennai-based producer and supplier of industrial gases, National Oxygen Limited (NOL), has posted growth of 12% in sales income of Rs 95m ($1.4m) during its second quarter ending 30th September 2015.
During the same quarter last year, the company’s income from sales was recorded at Rs 84.7m.
The company managed to cut its net loss to Rs 6.5m ($98,000) in the quarter, against a net loss of Rs 16.9m posted during the prior year quarter. Expense during the period dropped by just under 7% to Rs 84.9m ($1.2m) in the quarter ended September 2015.
NOL, part of the wider NOL Group, currently has a capacity of 2,500m3 per hour of oxygen/nitrogen gases and 2,00,000m3 per annum capacity of dissolved acetylene (DA) gas, having manufacturing facilities at Pondicherry and Tamil Nadu.
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