Navin Fluorine International Limited, one of the largest manufacturers of fluorochemicals, today announced that its Board of Directors has approved setting up of a Multi-Purpose Plant (MPP) with a total capex outlay of Rs. 195 crores.

The capex will be undertaken by its wholly owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL) at Dahej, Gujarat and will be funded through a mix of internal accruals and debt.

The new capacity is expected to come on stream during H1 of FY23 and will create opportunities for new products in life science and crop science sectors in the specialty chemicals business.

Commenting on this, Radhesh Welling, Managing Director, Navin Fluorine International Limited said, “This investment will lay the foundation for the next phase of growth of our specialty chemical business. It will help us enhance our product offerings and strengthen our customer relationships along with providing building blocks for future growth.”

Navin Fluorine International Ltd. is one of the largest and most respected Indian manufacturers of fluorochemicals. The company operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej in Western India and Dewas in Central India and R&D centres in Surat and Dewas in India and Manchester, UK.