LIC-Backed Chemical Company Announces Rs 120 Crore Capex For Liquid Cooling Facility, Partners With Chemours For Immersion Fluid Production At Surat Plant By Q1 FY27

The stock has given 33 per cent returns in last 12 months while on YTD basis it is up by 42 per cent.

Navin Fluorine International Limited has announced that its Board of Directors, at a meeting held on May 6, 2025, approved a Capital Expenditure arrangement of approximately Rs 120 crores. This investment is intended for the initial commercial capacity for manufacturing and to enable the adoption of an innovative liquid cooling product. The proposed capacity addition is expected to be completed during the first quarter of the financial year 2027, which spans from April 2026 to June 2026. 

Navin Fluorine International Limited has entered into a strategic agreement with The Chemours Company to manufacture Opteon™ two-phase immersion cooling fluid at its Surat facilities. This collaboration aims to address the growing need for high-performance, sustainable, and cost-effective cooling solutions for advanced data centers and AI hardware. 

Key points of the agreement include:

• Navin Fluorine will establish a manufacturing facility in Surat, Gujarat, with an estimated capital expenditure of USD 14 million, including a USD 5 million contribution from Chemours. 

• The facility is expected to be operational by Q1 FY27 (April 2026 to June 2026). 

• The partnership will allow Navin Fluorine to expand its footprint into the advanced materials space. 

This move is aligned with the Indian government's vision of 'Local for Global,' supporting new-age manufacturing in India.  

Navin Fluorine International Limited is primarily engaged in fluorine chemistry, producing a range of products including refrigeration gases, inorganic fluorides, and specialty organofluorines. The company also offers contract research and manufacturing services. Its products find applications across various industries such as agrochemicals, pharmaceuticals, aluminum smelting, refrigeration, metal processing, abrasives, glass, and ceramics. The company has manufacturing facilities located in Surat (Gujarat) and Dewas (Madhya Pradesh). LIC hold 9.81 per cent stake in this company

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