Navin Fluorine gains as its arm invests Rs 450 crore to set up new hydrofluoric acid capacity at Dahej!

Navin Fluorine gains as its arm invests Rs 450 crore to set up new hydrofluoric acid capacity at Dahej!

by 5paisa Research Team Last Updated: Mar 20, 2023 - 04:21 pm 1.1k Views
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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.

Company profile 

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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