Stallion India Fluorochemicals Limited has received approval for land allotment for its proposed Hydrofluoroolefin (HFO) manufacturing plant in Rajasthan. The approval covers land at the RIICO Industrial Area in Ukhalliya, District Bhilwara, and forms part of the company’s expansion plans in fluorochemicals production.
Shazad Rustomji, Managing Director and Chief Executive Officer of Stallion India Fluorochemicals Limited said that the company’s R-32 project is targeted for commissioning by October 2026, to be followed by the proposed HFO manufacturing facility. He said the company has outlined an investment of approximately INR 2 billion for the HFO project, with work planned to begin in 2027.
“HFOs represent the next phase of low-global-warming-potential refrigerant technologies and will significantly strengthen our product portfolio and long-term competitiveness. Our expansion is being executed in a calibrated and phased manner, with the R-32 project targeted for commissioning by October 2026, followed by the proposed HFO manufacturing facility, for which we have outlined an investment of approximately INR 2 billion with start of work planned in 2027. The Rajasthan project will also be eligible for incentives under RIPS-2024, including capex-linked benefits that, through a combination of subsidies such as SGST-linked incentives, capital and performance-linked support, interest subvention, and employment-linked benefits, can cumulatively extend up to 100 percent of the eligible fixed capital investment, significantly enhancing project viability and long-term returns, subject to approvals and eligibility conditions,” he said.
“The approval for land allotment marks another important milestone in the execution of our Rajasthan expansion strategy. With the allotment of Plot No. SP2-9 measuring approximately 53,369 sq. mtrs, adjacent to our existing Plot SP3-10 measuring approximately 40,524 sq. mtrs and Plot SP3-11 measuring approximately 28,650 sq. mtrs, the Company now holds three adjoining plots totaling approximately 122,543 sq. mtrs. This enables us to develop a fully integrated manufacturing layout to support our expanding fluorochemicals operations. The contiguous location of these plots will allow shared infrastructure, utilities, security, administration, and common factory management, creating strong operational synergies, improving efficiencies, and supporting cost optimization as we scale operations,” he added.
Incorporated in 2002, Stallion India Fluorochemicals Limited operates in the refrigerants and industrial gases sector, with activities spanning processing, blending and distribution of gases for industries including air conditioning, refrigeration, semiconductor manufacturing and pharmaceuticals. The company has manufacturing facilities in Maharashtra, Rajasthan and Haryana, with additional facilities under development in Andhra Pradesh and Maharashtra.
