By: ICN Bureau
Last updated : January 21, 2026 9:52 am
The company has secured additional land to support the previously announced greenfield R-32 manufacturing facility in Rajastha
Stallion India Fluorochemicals Limited (SIFL), a major integrated refrigerants and industrial gases provider, has been allotted a 28,650 square meter industrial plot by the Rajasthan State Industrial Development & Investment Corporation (RIICO). Located in the RIICO Industrial Area of Ukhaliya, Rajasthan, this newly acquired land adjoins the company's existing facility and was granted under the Direct Allotment Policy-2025.
Aligned with its long-term expansion strategy, the company has secured additional land to support the previously announced greenfield R-32 manufacturing facility in Rajasthan. This follows the recent Environmental Clearance (EC) from State Environment Impact Assessment Authority (SEIAA) for a 10,000 MTPA R-32 plant, which includes by-product HCl (30%) generation and 7,500 MTPA of blended refrigerants.
Shazad Rustomji, Managing Director & CEO, Stallion India Fluorochemicals Limited, commented: "After receiving the Environmental Clearance for our R-32 plant, we have taken another important step in advancing Stallion India Fluorochemicals Limited's expansion roadmap with the allotment of an additional industrial plot from RIICO.The Environmental Clearance, granted on 28 December 2025, provides us with the regulatory approval to develop a strategically located R-32 manufacturing facility at the RIICO Industrial Area, Bhilwara.
Construction activities at the Bhilwara R-32 plant have commenced in an accelerated mode. We expect the project to be completed within seven months, with commercial commissioning targeted by August, 2026. The additional land allotment will support future scalability and infrastructure requirements, further strengthening our focus on backward integration and enhancing supply-chain resilience. This expansion reflects our continued commitment to responsible growth, environmental stewardship, and strict regulatory compliance. It also aligns with national priorities under Make in India and Viksit Bharat, aimed at strengthening domestic manufacturing capabilities in critical chemical intermediates and refrigerants.
Once operational, the R-32 facility is expected to generate annual revenues of approximately ₹500 crore, with PAT margins in the range of 22-24%. Supported by this expansion, a strengthening asset base, and a diversified product portfolio, we believe we are well positioned to achieve a 3-year revenue CAGR guidance of 30-35%, creating sustainable long-term value for all stakeholders."