Key Points of Navin Fluorine Investment in hydrofluoric acid plant in Dahej, Gujarat:
- Navin Fluorine International plans to set up a new hydrofluoric acid plant in Dahej, Gujarat with a capital expenditure of Rs 450 crore.
- The new plant aims to cater to the increasing demand for fluorochemicals in the pharmaceutical, agro-chemical, and renewable energy sectors.
- The hydrofluoric acid plant is expected to have a capacity of 40,000 tonnes per annum and commence operations in two years.
- The project will be funded through a combination of internal accruals and debt.
- Navin Fluorine reported a 55% surge in profit in its third-quarter earnings for the fiscal year, amounting to Rs 106.6 crore.
- The margin showed a 160 basis point improvement at 27.6% compared to the same quarter last year.
- The investment in the hydrofluoric acid plant is a significant step towards Navin Fluorine’s goal of expanding its presence in the specialty chemicals industry and strengthening its position as a leading supplier of fluorochemicals.
Details of Navin Fluorine Investment in hydrofluoric acid plant in Dahej, Gujarat:
Navin Fluorine to Set Up Rs 450 Crore Hydrofluoric Acid Plant in Gujarat
Speciality chemicals company, Navin Fluorine International, announced on Friday that its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL), has approved a capital expenditure of Rs 450 crore to set up a new 40,000 tonne per annum hydrofluoric acid capacity plant in Dahej, Gujarat.
The new plant aims to cater to the increasing demand for fluorochemicals in the pharmaceutical, agro-chemical, and renewable energy sectors. It is expected to commence operations in two years and will be funded through a combination of internal accruals and debt.
Navin Fluorine reported a 55% surge in profit, amounting to Rs 106.6 crore in its third quarter earnings for the fiscal year. Additionally, the margin showed a 160 basis point improvement at 27.6% compared to the same quarter last year.
The investment in the hydrofluoric acid plant is a significant step towards Navin Fluorine’s goal of expanding its presence in the specialty chemicals industry and strengthening its position as a leading supplier of fluorochemicals.
About Navin Fluorine:
Navin Fluorine, which runs one of India’s largest integrated fluorochemicals complexes, is a member of the Padmanabh Mafatlal Group, one of the country’s oldest industrial houses. The company was founded in 1967 and has manufacturing facilities in Surat and Dahej in Western India, as well as Dewas in Central India.
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