The Board of Navin Fluorine Advanced Sciences Limited (NFASL), a wholly owned subsidiary of Navin Fluorine International Limited, has approved a capital expenditure of Rs 450 crores for setting up a new 40,000 tonnes per annum hydrofluoric acid capacity at Dahej.

This is a new capacity for NFASL. Currently, the company has AHF manufacturing plant with a capacity of approximately 20,000 tonnes per annum at Surat.

The project will be funded through a mix of internal accruals and debt.

The expansion project will cater to the growing demand for fluorochemicals in pharmaceutical, agro-chemical and emerging renewable sectors.