Navin Fluorine announces Strategic Partnership with Chemours and its foray into High Growth Advanced Materials

Navin Fluorine International Limited has announced a strategic agreement with The Chemours Company to manufacture and establish initial capacity of Opteon™ two-phase immersion cooling fluid - proprietary product of Chemours at our Surat facilities. This product, a path-breaking technological innovation, addresses the growing demands of advanced data centers and AI hardware for high performance, sustainable and cost-effective cooling solutions. The product aims to deliver significant energy efficiency, reduced water requirements as well as a materially lower physical footprint for data centres.

Under the agreement, Navin Fluorine will establish manufacturing facility at Surat, Gujarat, at an estimated capex of $14MN, including $5MN of contribution by Chemours. The project is expected to be operational during 1QFY27 (April 2026 to June 2026). As market adoption deepens, Navin Fluorine and Chemours will get into discussions for servicing a potentially higher demand.

Nitin Kulkarni, Managing Director of Navin Fluorine International Limited commented on the development, "Partnership with Chemours in immersion cooling fluids demonstrates our ability to absorb, scale and commercialize high end technology driven products. The agreement marks a key milestone in Navin Fluorine's growth journey expanding our footprint into niche advanced materials space in alignment with our strategic priorities. The partnership leverages the State of Gujarat and Government of India's conducive and enabling policies supporting new age manufacturing in India aimed at fulfilling the vision of 'Local for Global.' This is just the beginning, and we remain committed to expand our portfolio of specialty chemicals."

Shares of Navin Fluorine International Limited was last trading in BSE at Rs. 4619.75 as compared to the previous close of Rs. 4649.85. The total number of shares traded during the day was 3081 in over 552 trades.

The stock hit an intraday high of Rs. 4665.95 and intraday low of 4546.00. The net turnover during the day was Rs. 14217989.00.

Source : Equity Bulls

Keywords

NavinFluorineInternational INE048G01026 StrategicAgreement TheChemoursCompany