Stock jumps over 11% after this Refrigerants & Industrial Gases company signs MoU with Government of Rajasthan for new R-32 manufacturing plant

Stallion India Fluorochemicals Limited (SIFL), a prominent player in the refrigerants and industrial gases sector, has signed a significant Memorandum of Understanding (MoU) with the Government of Rajasthan. This agreement outlines the establishment of a state-of-the-art R-32 refrigerant gas manufacturing facility in the Bhilwara district, Rajasthan. The plant will also produce other advanced refrigerant gases, including R-410A, R404A, R-407C, R-454B, R-515B, and R-513A. This ambitious project represents an investment of approximately Rs 120 crore and is projected to create 30 direct employment opportunities, with production slated to commence in 2026. SIFL has already begun the process of acquiring land for the facility.

The Government of Rajasthan, through the Rajasthan State Industrial Development and Investment Corporation (RIICO), is committed to providing comprehensive support for the project's timely execution. This includes facilitating all necessary approvals, clearances, and essential infrastructure support. This strategic investment not only strengthens SIFL's position in the fluorochemicals market but also contributes to industrial growth and employment generation in Rajasthan.

About the Company

Incorporated in 1992, Stallion India Fluorochemicals Limited (SIFL) is a specialized leader in the refrigerants and industrial gases sector, leveraging over three decades of experience. The company excels in processing, blending, and distributing gases for various industries, including air conditioning, refrigeration, fire-fighting, semiconductor manufacturing, pharmaceuticals, automotive, and glass production. SIFL operates four strategic manufacturing facilities in Khalapur, Ghiloth, Manesar, and Panvel, focusing on gas blending—a unique differentiator from competitors. Committed to safety, innovation, and environmental responsibility, SIFL provides tailored gas solutions, including Hydrocarbons (HC), Hydrofluorocarbons (HFCs), and Hydrofluoroolefins (HFOs).

On Tuesday, shares of Stallion India Fluorochemicals Limited (SIFL) jumped 11.2 per cent to Rs 127.35 per share from its previous closing of Rs 114.55 per share. The company has a market cap of over Rs 960 crore with a PE of 29x, an ROE of 15 per cent and an ROCE of 20 per cent. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 59.91 per share.

Disclaimer: The article is for informational purposes only and not investment advice.