Navin Fluorine gains as its arm invests Rs 450 crore to set up new hydrofluoric acid capacity at Dahej!
Currently, the company has an AHF manufacturing plant with a capacity of approximately 20,000 tonnes per annum at Surat.
Capital Expenditure of Rs 450 crore
Navin Fluorine International’s wholly-owned subsidiary -- Navin Fluorine Advanced Sciences (NFASL) has received approval from the Board for a capital expenditure of Rs 450 crore for setting up a new 40,000 tonnes per annum hydrofluoric acid capacity at Dahej.
This is a new capacity for NFASL. Currently, the Company has an AHF manufacturing plant with a capacity of approximately 20,000 tonnes per annum at Surat. The new capacity is expected to come on stream in 2 years. The project will be funded through a mix of internal accruals and debt.
Share price movement of Navin Fluorine International Limited
Today, the stock opened at Rs 4247.95, with a high and low of Rs 4247.95 and Rs 4162. The stock closed trading at Rs 4187.65, down by 0.32%.
The stock has a 52-week high of Rs 4847.35 and a 52-week low of Rs 3438.65. The company has a ROCE of 19.1% with a market capitalisation of Rs 20,752 crore.
Navin Fluorine International Limited (NFIL) belongs to a reputed industrial house of the Arvind Mafatlal Group. The company owns one of India’s largest integrated fluorochemical complexes. It produces a wide range of fluorochemicals in the bulk and speciality segment. The company primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, and speciality organofluorines and offers contract research and manufacturing services. Its manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.
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