Akash Bhanshali-Backed Specialty Chemicals Major Plans Refrigerant Capacity Expansion to Capitalise on Rising Global Demand

On Monday, Indian benchmark indices traded lower, with the Nifty 50 declining 105.30 points, or 0.44 per cent, to 23,950.70. Amid the weak market sentiment, investors remained focused on Gujarat Fluorochemicals (GFL) after the company announced plans to expand its refrigerant gas manufacturing capacity to strengthen its product portfolio and cater to growing demand across domestic and international markets.

Strategic Expansion of Refrigerant Capacity

Gujarat Fluorochemicals, part of the INOXGFL Group, has announced its strategic intent to expand its refrigerant gas capacity and fully utilise its refrigerant gas entitlement under the Montreal Protocol and the Kigali Amendment. The company said the expansion is aimed at strengthening its position in the refrigerants market as demand continues to rise with increasing adoption of air-conditioning in India and overseas markets.

Addition of R134A to Strengthen Product Portfolio

GFL currently manufactures refrigerant gases including R32, R22, R125 and R410A. As part of the expansion, the company plans to add R134A to its portfolio, enabling it to offer a broader range of refrigerants while optimising its product mix.

The company stated that it already has the required approvals, infrastructure and compliance mechanisms in place to fully utilise its designated refrigerant gas entitlement. The expanded product portfolio is expected to strengthen its market position and cater to a wider customer base across global markets.

Gujarat Fluorochemicals Shareholding Pattern

As of March 2026, the company's promoters held a 61.39 per cent stake, while Foreign Institutional Investors (FIIs) owned 4.28 per cent and Domestic Institutional Investors (DIIs) held 13.48 per cent. Ace Investor Akash Bhanshali continued to hold a 4.75 per cent stake in the company, according to the latest shareholding pattern. 

Management Commentary 

Commenting on the announcement, Dr Bir Kapoor, Deputy Managing Director & CEO of Gujarat Fluorochemicals Limited, said the planned expansion, including the addition of R134A, marks an important step in strengthening the company's refrigerant portfolio and fully utilising its designated entitlement. 

He added that GFL's integrated manufacturing capabilities, established global marketing network and long-standing customer relationships position the company well to meet growing refrigerant demand across India and international markets while creating sustainable long-term value for customers and stakeholders.
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About Gujarat Fluorochemicals 

Gujarat Fluorochemicals Ltd is one of the world's leading fluorochemicals and fluoropolymers companies with more than 30 years of expertise in fluorine chemistry. The company manufactures fluoropolymers, specialty chemicals, refrigerants and bulk chemicals, serving sectors such as electric vehicles, battery energy storage systems, AI and data centres, Semiconductors, hydrogen, telecommunications and renewable energy. It operates manufacturing facilities in Gujarat along with a captive fluorspar mine in Morocco and has an international presence through subsidiaries in Germany and the United States.

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