Ashish Kacholia Portfolio Holds 1.59 Stake: This Commodity Chemical Company Commissions India's First Solar Grade DHF Plant, Eyes Further Expansion

On a year-to-date basis, the stock is up by 7.59 per cent while in the last 12 months it has given returns of 58.79 per cent.

TANFAC Industries Limited, a prominent Indian chemical company, announced today the successful commissioning of its 5,000 tonnes per annum (TPA) High Purity Solar Grade Dilute Hydrofluoric Acid (DHF) plant. This significant achievement positions TANFAC as the first Indian chemical company to establish a Solar Grade DHF plant, a vital raw material for the burgeoning solar energy sector. The company confirmed that the trial production quality has been approved by a major Indian solar energy producer, ensuring the product meets stringent quality standards.

The implementation period for this project was between 6 to 8 months. Following this success, TANFAC is already progressing with the second phase of the project, which aims to double the total Solar Grade DHF capacity to 10,000 TPA. This expansion is anticipated to be commissioned within the next three months.

Mr. Afzal Malkani, Director, TANFAC, expressed his enthusiasm, stating, "We are excited to announce the successful commissioning of our 5,000 TPA Solar Grade DHF plant after meeting the stringent quality requirements of one of our major solar energy customers. Being the first chemical company in India to achieve this is a significant milestone in TANFAC's history. This development not only strengthens our position in the solar chemicals sector but also has the potential to significantly enhance both our top-line and bottom-line growth. We are equally enthusiastic about the ongoing second phase of the project, which will double our capacity to 10,000 TPA and further reinforce our commitment to supporting India's renewable energy ambitions".

The share price of Tanfac Industries Limited jumped by over 6 per cent on Friday. On a year-to-date basis, the stock is up by 7.59 per cent while in the last 12 months it has given returns of 58.79 per cent.

Tanfac Industries Limited is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). It is a leading producer of Hydrofluoric Acid and its derivatives. The company's manufacturing facilities are located in the SIPCOT Industrial Estate, Cuddalore, spread over 60 acres. Commercial production began in March 1985. TANFAC manufactures a range of products, including Anhydrous Hydrofluoric acid, Sulphuric Acid, Oleum, Aluminium Fluoride, Potassium Fluoride, Potassium Bifluoride, Boron Trifluoride Complexes, and Calcium Sulphate (Gypsum). The company is ISO 9001, 14001, and OHSAS 18001 certified, demonstrating its commitment to international safety systems and practices.

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