Stallion India Fluorochemicals Signs MoU with Government of Rajasthan for New R-32 Manufacturing Plant

Stallion India Fluorochemicals Limited (SIFL), Stallion India Fluorochemicals Limited (SIFL), a leading forward-integrated player in the refrigerants and industrial gases sector, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to set up a state-of-the-art R-32 refrigerant gas manufacturing facility in Bhilwara district, Rajasthan.

The facility will also produce other advanced refrigerant gases, including R-410A, R404A, R-407C, R-454B, R-515B, and R-513A.

The proposed project involves an investment of approximately ₹120 crore and is expected to create 30 direct employment opportunities. Production is targeted to commence in 2026. The Company has already initiated the land acquisition process for the project.

The Government of Rajasthan, through the Rajasthan State Industrial Development and Investment Corporation (RIICO), will facilitate the necessary approvals, clearances, and infrastructure support for the timely execution of the project.

Mr. Shazad Sheriar Rustomji - Managing Director & CEO of Stallion India Fluorochemicals Limited, commented: "This project marks a significant milestone in our capacity expansion strategy and underscores our commitment to serving the growing demand for environment-friendly and energy-efficient refrigerants in India. The Bhilwara facility will strengthen our domestic manufacturing footprint, reduce import dependency, and position us to cater to both domestic and export markets. We are grateful to the Government of Rajasthan for its proactive support in enabling this investment, which aligns with our long-term vision of innovation, sustainability, and customer-centric growth."

Shares of Stallion India Fluorochemicals Limited was last trading in BSE at Rs. 114.55 as compared to the previous close of Rs. 125.00. The total number of shares traded during the day was 296886 in over 2739 trades.

The stock hit an intraday high of Rs. 123.95 and intraday low of 112.25. The net turnover during the day was Rs. 34283598.00.

Source : Equity Bulls

Keywords

StallionIndiaFluorochemicals INE0RYC01010 IndustrialGases MoU RajasthanGovernment R32 RefrigerantGas ManufacturingFacility