Stallion India Fluorochemicals Limited Signs MoU with Government of Rajasthan to Set Up HFO Manufacturing Plant

Stallion India Fluorochemicals Limited (SIFL), a leading integrated refrigerants and industrial gases company, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up a Hydrofluoroolefin (HFO) manufacturing plant at Bhilwara (Hurda), Rajasthan, as part of its planned capacity expansion program. Under the MoU, the Company proposes an investment of approximately ₹200 crore for the HFO manufacturing facility, with start of work on the production plant in 2027.

Mr. Shazad Rustomji - Managing Director & CEO of Stallion India Fluorochemicals Limited, commented: "The signing of this MoU with the Government of Rajasthan marks an important milestone in our expansion journey towards advanced and sustainable refrigerant solutions. HFOs represent the next phase of low-global-warming-potential refrigerants, and this proposed facility will significantly strengthen our product portfolio and long-term competitiveness.

Our expansion is being executed in a calibrated and phased manner. With the R32 project targeted for commissioning by October 2026, followed by initiation of the HFO manufacturing plant, we are building capacity in line with our internal growth plans and long-term turnover objectives. Under the MoU, the Company proposes an investment of approximately ₹200 crore for the HFO manufacturing facility, start of work on the production plant in 2027.

Backed by these strategic initiatives, the Company remains confident of achieving its targeted 30-35% revenue CAGR over the next three years, while creating a strong domestic manufacturing base aligned with India's vision of self-reliance in specialty chemicals and fluorochemicals, and delivering sustainable long-term value for all stakeholders."

Shares of Stallion India Fluorochemicals Limited was last trading in BSE at Rs. 175.25 as compared to the previous close of Rs. 184.45. The total number of shares traded during the day was 62495 in over 998 trades.

The stock hit an intraday high of Rs. 181.80 and intraday low of 175.25. The net turnover during the day was Rs. 11044151.00.

Source : Equity Bulls

Keywords

StallionIndiaFluorochemicals INE0RYC01010 IndustrialGases MoU GovernmentofRajasthan HFOPlant