Tanfac Industries Limited, one of India's leading Specialty fluoride chemical manufacturers, has signed framework agreement worth revenue of ~$81 million (Rs. 675 crores) over next 5 years with one of the leading Japanese Specialty Chemical companies to supply a refrigerant gas. The supply for this product will start from H2 FY2025-26.

Speaking about the Framework agreement, K. Sendhil Naathan, Managing Director of Tanfac Industries Ltd, said "We are pleased to announce the signing of Framework agreement with one of the prominent Japanese players in Speciality chemicals. With this agreement, TANFAC strategically enters into the refrigerant gas segment. We continue to capture the growth and value in fluorination chemistry and enhance our product offerings.

“We will undergo a plant expansion at our Cuddalore facility to manufacture this product. This expansion, coupled with the signing of the agreement, we continue to get visibility over the significant growth in coming years."