The Bangalore-based Bhoruka Group, which has interests in alternative power generation, aluminium and speciality gases, is looking for a major joint venture partner in the US for its gases division and an increase in operating profits as part of future developments.
The company has for some time, it is thought, only been recording marginal profits in the gases division despite its presence across India and a joint venture is sought through its gases business, Bhoruka Gases Ltd.
SN Agarwal, chairman of the Bhoruka Group, said, “The market is very competitive and we expect to stabilise our presence by next year when the joint venture will be in place.”
Bhoruka Gases currently manufactures ultra-high purity gases including argon, hydrogen, nitrogen and oxygen, as well as manufacturing all types of gas mixtures such as an argon-oxygen mix, argon-carbon dioxide mix, argon-hydrogen mix, and a nitrogen-hydrogen mixture. Through the manufacture of high purity oxygen, the company also has a branch into the medical gases sector.
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