Ellenbarrie Industrial Gases commissions 325 TPD ASU

What the company announced

Ellenbarrie Industrial Gases Limited has commissioned a 325 tons per day (TPD) Air Separation Unit (ASU) at Durgapur, West Bengal. The commissioning date is September 25, 2026, as disclosed in an exchange announcement under Regulation 30 of SEBI (LODR) Regulations, 2015. The unit has been set up as an onsite industrial gas plant at a customer’s manufacturing facility. According to the company, the plant is intended to supply industrial gases to Jai Balaji Industries Limited. The development adds to Ellenbarrie’s onsite supply footprint in Eastern India. The company also stated that revenue generation from the plant will commence from September 2026.

Commissioning timeline and start of revenue

The commissioning took place on September 25, 2026, and the company has indicated that revenues will start immediately following the commissioning date within September 2026. This is an important operational milestone because commissioning typically marks the transition from project execution to steady commercial operations. In this case, the disclosure explicitly ties the commissioning to revenue commencement in the same month. That linkage matters for investors tracking when a new asset moves from capital expenditure to cash generation. The company’s communication positions the unit as a long-term revenue contributor due to the nature of the supply contract. No revenue amount was disclosed in the provided information.

Structure of the customer contract

The ASU operates under a 15-year onsite industrial gas supply agreement with Jai Balaji Industries Limited. The agreement date is February 14, 2025. Ellenbarrie owns and operates the plant located at the customer’s manufacturing facility, as stated in the disclosure. The contract is described as “take-or-pay”, a common structure in industrial gas supply arrangements. Under take-or-pay, the customer typically commits to paying for a contracted quantity whether or not it is fully taken, which can improve visibility for the supplier. The company highlighted that this structure provides long-term recurring revenue visibility.

Why onsite ASUs matter in industrial gases

Onsite ASUs are typically built to serve large, continuous-demand customers such as metals and heavy industry facilities. A 325 TPD unit suggests meaningful scale for a single-customer installation, although the disclosure does not specify product mix or end-use gases. The onsite model can reduce logistics complexity because gases are produced at the customer site rather than transported over long distances. For the supplier, the economics often hinge on long-term contracts and stable offtake. Ellenbarrie’s disclosure emphasizes the onsite nature of the project and the long-duration agreement.

What is known about the Durgapur facility

The plant is located in Durgapur, West Bengal, and is described as the “Jai Balaji Industries Limited-Onsite ASU Plant.” Ellenbarrie confirmed that the unit was established to supply industrial gases to Jai Balaji Industries. The announcement frames the project as strengthening Ellenbarrie’s presence in Eastern India. No additional operational details such as plant technology, capex, or expected utilization were included in the provided content. The key disclosed facts remain the capacity, location, customer, commissioning date, and contractual tenure.

Key disclosed project details

Market context: stock price and reported move

As of September 28, 2026, Ellenbarrie Industrial Gases’ stock price was reported at ₹363.75 in the provided information. Separately, another data point in the same material noted a “Today/Current/Last” price of ₹368.50 and said the share price moved up by 3.02% from its previous close of ₹357.70. These figures indicate that the commissioning news circulated alongside near-term price movement data. However, the provided content does not specify the exact timestamp alignment of each price reference. The company is described as a small-cap company with a market capitalisation of ₹5,193.48 crore and operating in the chemicals sector.

Shareholding snapshot mentioned in the material

The provided content also included a shareholding table “as on Jun 2026” across investor categories. This information is not part of the commissioning announcement, but it offers context on ownership distribution as presented.

How the development could affect operations and visibility

Based on the disclosed contract structure, the commissioning converts an executed long-term agreement into an operating asset. The company has directly linked commissioning to the start of revenue in September 2026. The take-or-pay structure, as highlighted in the disclosure, is intended to provide recurring revenue visibility over the 15-year period. The onsite ownership-and-operation model also indicates that Ellenbarrie remains responsible for running the plant at the customer location. Beyond these points, the provided content does not disclose financial projections, margin impact, or any change to guidance.

Other relevant disclosures cited

The material also referenced that Ellenbarrie Industrial Gases informed the exchange about execution of a “Power Delivery and Offtake Agreement” on January 10, 2026. No further details were provided in the supplied text about how that agreement relates to the Durgapur ASU. The primary disclosed milestone in the current update remains the commissioning of the 325 TPD unit under the 15-year supply agreement with Jai Balaji Industries.

Conclusion

Ellenbarrie Industrial Gases has commissioned its 325 TPD onsite ASU at Jai Balaji Industries’ Durgapur facility on September 25, 2026, with revenue commencement stated to begin in September 2026. The project operates under a 15-year take-or-pay contract signed on February 14, 2025. The next investor-relevant updates are likely to be operational performance disclosures as the plant moves into steady commercial operations, if the company provides them in future filings.