Gujarat Fluorochemicals Ltd announces Strategic Expansion of Refrigerant Capacity

Gujarat Fluorochemicals Limited (GFL), part of the INOXGFL Group and one of the leading global players in fluorochemicals and fluoropolymers, with over three decades of expertise in refrigerant gases, today announced its strategic intent to expand refrigerant capacity and fully utilize its refrigerant gas entitlement under the Montreal Protocol and the Kigali Amendment.

Backed by its integrated manufacturing capabilities, established global marketing network, strong customer relationships, and proven industry expertise, GFL is well positioned to capitalize on the growing demand for refrigerants, driven by the rising adoption of air-conditioning across India and international markets.

GFL's refrigerant gas portfolio currently comprises R32, R22, R125, and R410A. The planned addition of R134A capacity will further strengthen this portfolio, enabling the company to offer a more comprehensive product basket, address diverse customer requirements, optimize its product mix, and maximize the utilization of its refrigerant gas entitlement as per the designated quota under the Kigali Amendment. GFL has all necessary approvals, infrastructure, and compliance mechanisms in place to fully utilize this entitlement.

Commenting on the announcement, Dr. Bir Kapoor, Deputy Managing Director & CEO, Gujarat Fluorochemicals Limited, said: "Our planned expansion of refrigerant capacity, including the addition of R134A, is an important step in strengthening GFL's refrigerant portfolio and fully utilizing our designated entitlement under the Kigali Amendment. With our integrated manufacturing capabilities, established global marketing network, and long-standing customer relationships, we are well positioned to meet the growing demand for refrigerants across India and international markets. This expansion will also provide flexibility to optimize our product mix and create sustainable long-term value for our customers and stakeholders."

Shares of Gujarat Fluorochemicals Limited was last trading in BSE at Rs. 3864.75 as compared to the previous close of Rs. 3914.85. The total number of shares traded during the day was 158003 in over 690 trades.

The stock hit an intraday high of Rs. 3908.00 and intraday low of 3831.00. The net turnover during the day was Rs. 612252857.00.

Source : Equity Bulls

Keywords

GujaratFluorochemicals INE09N301011 SpecialtyChemicals INOXGFLGroup CapacityExpansion Refrigerants