Navin Fluorine International Limited (NFIL) is all set to start two additional new plants in Dahej in Q3 FY23, says Radhesh Welling, Managing Director, NFIL during Q2 FY23 Earnings Conference Call.

"Commercial production in MPP (multi purpose plant) will start in a phased manner while production in the dedicated plant for agrochemical customers will start in the month of December. Debottlenecking project for our cGMP3 plant in Dewas is well underway and is scheduled to be completed as per plan," commented Radhesh Welling.

"The commercial production at the plants set up to manufacture and supply new hydrofluoroolefins has started post successful supply of commercial trials to the customer. The customer has validated the product specifications for the requisite batch quantities on agreed parameters. This plant is under our wholly owned subsidiary, NFASL (Navin Fluorine Advanced Sciences Limited) in Dahej, Gujarat," explained Welling.

Talking on Speciality Chemical growth, Radhesh Welling said, "I think speciality chemical growth will happen in two ways. One is, a lot of these new projects that will come up in Dahej. For that, we have already made three announcements. Two of these plants will get commissioned in this quarter and one will get towards the end of next calendar year. That will actually give a boost to significant growth in that business. In Surat, which is under NFIL (Navin Fluorine International Limited), we will continue to do debottlenecking to get additional capacity as well as we continue to look at the product mix so that we actually move up the value curve. That is an ongoing exercise. If you look at what we have done in this business, you know 4-5 years back, the commentary was that we don't have much capacity for headroom in Surat facility. But despite that, we have actually significantly grown the business which primarily happened through the debottlenecking in Surat and that is the thing that we continue to do right now," said Welling.  

"Currently, because most of the plants in Surat are MPP in nature, we have a capacity utilization of approximately between 70-75%. But as I said, we continue to do debottlenecking. And there is one dedicated plant which we have for a product for the industrial segment. There, again, the capacity utilization is about 70%," added Welling.