VMPL
Mumbai (Maharashtra) [India], February 9: Stallion India Fluorochemicals Limited (SIFL), a leading integrated refrigerants and industrial gases company, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to set up a Hydrofluoroolefin (HFO) manufacturing plant at Bhilwara (Hurda), Rajasthan, as part of its planned capacity expansion programme.
Under the MoU, the Company proposes an investment of approximately ₹200 crore for the HFO manufacturing facility, with start of work on the production plant planned in 2027. The proposed project aligns with Stallion's strategy to strengthen its presence in next-generation, low-global-warming-potential refrigerants, in line with evolving global environmental norms. The project is expected to generate around 30 direct employment opportunities, contributing to regional industrial development.
Commenting on the development, Mr. Shazad Rustomji, Managing Director & CEO, said that the Company's expansion is being executed in a calibrated and phased manner. The R32 project is targeted for commissioning by October 2026, following which work on the HFO plant will be initiated. Backed by these strategic initiatives, the Company remains confident of achieving its targeted 30-35% revenue CAGR over the next three years, in line with its internal growth plans and long-term turnover objectives, while building a strong domestic manufacturing base.
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