Stallion India gets RIICO land to expand R-32 manufacturing plant

Stallion India Fluorochemicals Limited (SIFL), a leading integrated refrigerants and industrial gases company, has received allotment of land of plot adjourning the existing from Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) for an industrial plot bearing Plot No. SP3- 11, admeasuring approximately 28,650 square meters, situated at the RIICO Industrial Area, Ukhaliya, Rajasthan, under the Direct Allotment Policy-2025.

The allotment of the said plot is in line with the Company’s long-term expansion strategy. This development follows the Company’s recent receipt of Environmental Clearance (EC) from the State Environment Impact Assessment Authority (SEIAA), Rajasthan, for its proposed greenfield R-32 manufacturing facility with an approved capacity of 10,000 MT per annum, along with the generation of Hydrochloric Acid (HCl – 30%) as a by-product and the manufacture of blended refrigerants with an aggregate capacity of 7,500 MT per annum. This is additional land acquired for same plant for expansion purpose.

Mr. Shazad Rustomji - Managing Director & CEO of Stallion India Fluorochemicals Limited, commented:

“After receiving the Environmental Clearance for our R-32 plant, we have taken another important step in advancing Stallion India Fluorochemicals Limited’s expansion roadmap with the allotment of an additional industrial plot from RIICO.The Environmental Clearance, granted on 28 December 2025, provides us with the regulatory approval to develop a strategically located R-32 manufacturing facility at the RIICO Industrial Area, Bhilwara.

Construction activities at the Bhilwara R-32 plant have commenced in an accelerated mode. We expect the project to be completed within seven months, with commercial commissioning targeted by August, 2026. The additional land allotment will support future scalability and infrastructure requirements, further strengthening our focus on backward integration and enhancing supply-chain resilience. This expansion reflects our continued commitment to responsible growth, environmental stewardship, and strict regulatory compliance. It also aligns with national priorities under Make in India and Viksit Bharat, aimed at strengthening domestic manufacturing capabilities in critical chemical intermediates and refrigerants.

Once operational, the R-32 facility is expected to generate annual revenues of approximately ₹500 crore, with PAT margins in the range of 22–24%. Supported by this expansion, a strengthening asset base, and a diversified product portfolio, we believe we are well positioned to achieve a 3-year revenue CAGR guidance of 30–35%, creating sustainable long-term value for all stakeholders.”

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ALCHEMPro News Desk (HU)