Shares of Stallion India Fluorochemicals Ltd skyrocketed 10% on 12 August after the corporate introduced that it had signed a Memorandum of Understanding (MoU) with the Authorities of Rajasthan to develop a cutting-edge R-32 refrigerant fuel manufacturing facility in Bhilwara district.
The plant will even manufacture refined refrigerants corresponding to R-410A, R-404A, R-407C, R-454B, R-515B, and R-513A.
Shazad Sheriar Rustomji, managing director and CEO of Stallion India Fluorochemicals, stated, “This undertaking marks a major milestone in our capability growth technique and underscores our dedication to serving the rising demand for atmosphere pleasant and energy-efficient refrigerants in India. The Bhilwara facility will strengthen our home manufacturing footprint, scale back import dependency, and place us to cater to each home and export markets.”
In response to Stallion India, the undertaking will price roughly Rs 120 crore and create 30 direct jobs. Manufacturing will begin in 2026.
Stallion India has already begun the land acquisition course of, and the Rajasthan State Industrial Growth and Funding Company (RIICO) will present help with permissions, clearances, and infrastructure to allow well timed execution.
“We’re grateful to the Authorities of Rajasthan for its proactive help in enabling this funding, which aligns with our long-term imaginative and prescient of innovation, sustainability, and customer-centric progress,” Rustomji added.
Stallion India Fluorochemicals Restricted (SIFL), established in 1992, is a market chief in refrigerants and industrial gases. With over 30 years of expertise, the corporate has established a robust place in processing, mixing, and transporting gases for quite a lot of industries, together with air-con, refrigeration, fireplace security, semiconductor manufacturing, prescription drugs, Stallion India Fluorochemicals, automotive, and glass manufacturing.
It has 4 strategically positioned manufacturing amenities in Khalapur, Ghiloth, Manesar, and Panvel, with a concentrate on debulking, mixing, and processing gases. In contrast to many rivals that primarily manufacture base chemical compounds, Stallion India distinguishes itself by its concentrate on fuel mixing.
It affords customised options for hydrocarbons (HC), hydrofluorocarbons (HFCs), and hydrofluoroolefins (HFOs).
At 3:30 pm, the shares of Stallion India closed 8.35% increased at Rs 124.10 on NSE.
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