Stock Report

SK Minerals & Additives becomes India's first company to successfully develop Halogen-Free Flame Retardant Additive

Posted On : 2025-11-05 10:04:26( TIMEZONE : IST )

SK Minerals & Additives Ltd (BSE SME: 544584), a leading manufacturing and trading company in specialty chemicals today announced a pioneering feat in product development. The company became the first in India to successfully develop a halogen-free flame retardant additive- which is used for wire and cable manufacturers to enable safer, more sustainable, and eco-friendly production of XLPE (Cross-Linked Polyethylene) wires. With the new product, the company aims to tap at the import substitution opportunity in both India and other south-Asian markets. The announcement was made on the sidelines of the Cable & Wire Fair 2025, being held in New Delhi.

Commenting on the pioneering initiative, Mr. Mohit Jindal, Chairman & Managing Director, SK Minerals & Additives Ltd, said, "This innovation is the result of our relentless pursuit of excellence and sustainability. We envisioned a product that not only meets stringent international flame retardant standards but also supports a greener planet by eliminating halogen-based additives. This is a proud moment not just for us, but for the entire Indian chemical and polymer additive industry."

For decades, the wire and cable industry has faced a major challenge: achieving flame retardancy in XLPE compromising electrical, thermal, and mechanical properties. The process demanded using halogens that release toxic gases during combustion. The Hofnil branded Halogen-Free Flame Retardant Additive (HFFR-XL) is designed to overcome these challenges thereby setting the industry on a greener and eco-friendly path in India and abroad.

The company is in the process of securing industry certifications and showcasing the products to its customer and dealer networks for a wider launch in the upcoming weeks. The company has already secured a letter of intent for sourcing the new product from a reputed and integrated wires and cables player in India - reflecting the large demand for eco-friendly additives. The company is aiming at a Rs. 200 crore+ cumulative revenue from the new product by the end of FY28.

"The product is a testament to our path-leading Research & Development capabilities backed by a rich, global experience across the speciality chemicals domain", added Mr. Rohit Jindal, Director, SK Minerals & Additives Ltd. "The company's R&D team, driven by innovation and supported by industry experts, spent years perfecting a formulation that balances thermal stability, dispersion, and compatibility. This achievement reinforces SK Minerals' commitment to 'Make in India, Serve the World', thereby positioning the company as a pioneer in polymer additives."

Shares of SK Minerals and Additives Limited was last trading in BSE at Rs. 170.80 as compared to the previous close of Rs. 183.95. The total number of shares traded during the day was 103000 in over 73 trades.

The stock hit an intraday high of Rs. 183.85 and intraday low of 170.00. The net turnover during the day was Rs. 18138850.00.