Navin Fluorine: Value Added Segments Likely To Aid Performance, Says ICICI Direct
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Navin Fluorine International Ltd. has outlined capital expenditure for setting up a multipurpose plant with an outlay of Rs 195 crore.
The capex will be undertaken by its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Ltd. at Dahej, Gujarat.
The new capacity is expected to come on stream during H1 FY23 and will create opportunities for new products in life science and crop science sectors in the specialty chemicals business.
The company has already identified potential 12 new products of which five are going to be commercialised initially, which find application in crop protection.
ICICI Direct Report
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