Stallion India Fluorochemicals Announces Strategic Incentives for Greenfield R-32 Project in Bhilwara
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The stock has given multibagger returns of 227 per cent from its 52-week low of Rs 50.92 per share.
Stallion India Fluorochemicals Limited (SIFL) has announced that its proposed greenfield R-32 manufacturing facility in Bhilwara, Rajasthan, is set to benefit from the Rajasthan Investment Promotion Scheme (RIPS) 2024. As a leading integrated player in refrigerants and industrial gases, Stallion’s project qualifies under both the "Manufacturing" and "Start-up" classifications of this flagship policy. This dual eligibility unlocks a comprehensive framework of fiscal incentives, including capital and investment subsidies, turnover-linked rewards and interest subvention, providing significant financial visibility for up to 10 years from the start of commercial production.
The incentives under RIPS 2024 are designed to substantially improve project returns by covering a major portion of the eligible fixed capital investment. Specifically, the Bhilwara plant will benefit from a 75 per cent SGST exemption, 100 per cent exemption from electricity duty for seven years and a combination of exemptions and reimbursements on stamp duty and land conversion charges. Furthermore, the company will receive a 50 per cent reimbursement of employer contributions toward EPF and ESI for state-domiciled employees over seven years. These provisions are expected to enhance the project's cash flow profile and accelerate the return on invested capital.
This strategic expansion aligns with Rajasthan’s focus on green growth and high-technology manufacturing, supporting Stallion’s vision of building globally competitive, environmentally responsible assets. Beyond the R-32 plant, the company has also signed a Memorandum of Understanding (MOU) with the Government of Rajasthan for a subsequent HFO (HydrofluoroOlefin) plant, which will be eligible for similar subsidies. By strengthening domestic production and focusing on import substitution, Stallion aims to solidify its position as a diversified leader in advanced refrigerants, Semiconductor gases and high-purity industrial gases.
About the Company
Established in 2002, Stallion India Fluorochemicals Limited (SIFL) is a specialised leader in the refrigerants and industrial gases sector with over 30 years of expertise. The company is uniquely positioned through its pan-India forward integration, operating strategic facilities in Maharashtra, Rajasthan, and Haryana, with new plants underway in Andhra Pradesh and Maharashtra.
Unlike competitors, SIFL offers a comprehensive mix of refrigerant gases, high-purity industrial gases, and specialised semiconductor solutions. By providing tailored gas blending—including HCs, HFCs, and HFOs—the company serves critical industries such as pharmaceuticals, automotive, and electronics with a focus on innovation and environmental responsibility.
On Wednesday, shares of Stallion India Fluorochemicals Limited (SIFL) jumped 4.23 per cent to Rs 166.35 per share from its previous closing of Rs 159.60 per share. The company has a market cap of over Rs 1,900 crore with a PE of 35x, an ROE of 15 per cent and an ROCE of 20 per cent. The stock has given multibagger returns of 227 per cent from its 52-week low of Rs 50.92 per share.
Disclaimer: The article is for informational purposes only and not investment advice.