Gujarat Fluorochemicals Limited
The Indian chemicals industry is highly diversified, covering >80,000 products and employing >2 million people.
Headquartered in Noida, India, Gujarat, Fluorochemicals Limited is a part of INOX Group of Companies. The company has diversified business segments comprising chemicals, fluoropolymers, cryogenic engineering, entertainment, industrial gases and renewable energy. Starting with the ‘REFRON’ brand of refrigerants, the company expanded into fluorospeciality chemicals, exporting to over 75 countries.
- Is the leading producer of Fluoropolymers in India.
- More than 30 years in Fluorine chemical industry
- Has five-year CAGR of ~20%
- State-of-the-art R&D facilities lead to gradual expansion of Fluoropolymers portfolio
- Revenue from operations stood at Rs. 4,340.35 crore (US$ 524.20 million) in FY24.
Gujarat Fluorochemicals Limited – Value through green chemistry
| Year | Milestone |
|---|---|
| 2023 |
The InoxGFL Group plans to invest nearly US$ 1 billion across various sectors, including battery chemicals, green hydrogen, and wind energy services, over the next three to four years. A significant portion of this investment will be allocated to constructing India’s largest battery chemicals factory in Gujarat. In August 2023, in the 10th edition of the Vibrant Gujarat Global Summit, Gujarat Fluorochemicals signed an MoU to set up an industry Dahej-2 with an investment of US$ 6.04 million (Rs. 50 crore), to produce lithium hexafluorophosphate used as battery chemical in electric vehicles. In April 2023, Gujarat Fluorochemicals to invest US$ 608.26 million (Rs. 5,000 crore) in EV batteries, solar and green hydrogen supply chain. |
| 2022 |
Gujarat Fluorochemicals Limited has announced additional investments in its Dahej, India, integrated production plant to boost its PTFE and PVDF capacities. With a total capacity of 6 KTPA, GFL has restarted its R-125 plant (by way of the TFE route). Also, it has revealed a 10 KTPA capability in R-32, which has a low GWP, and anticipates a very long lifespan for the product (probably till CY40). The business intends to increase its AHF capacity from 120 to 220 TPD. |
| 2019 |
GFL Limited demerged to form a new resultant company, InoxFluorochemicals Limited, now known as ‘Gujarat Fluorochemicals Limited’ with all assets and liabilities pertaining to the chemical business undertaking transferred to the resultant company on a going concern basis with effect from the appointed data, April 01, 2019 Introduced PVDF under the brand name, INOFLAR |
| 2018 |
Started its additives brand ‘INOLUB’ to market PTFE micropowders and polymer processing aids (PPA) |
| 2016 |
Subsequent to the success of PTFE brand, INOFLON, in the global markets, GFL added two more Fluoropolymer products, FEP and PFA, under the brand |
| 2015 |
Launched FK (Fluoroelastomers) brand—Fluonox |
| 2013 |
Incorporated a wholly owned subsidiary, Gujarat Fluorochemicals GmbH, in Hamburg, Germany to conduct trading, processing, distribution, marketing and storage of Fluoropolymers in EMEA region Expanded its monomer and polymer capacity to cater to the growing demand for Fluoropolymers and Fluor elastomers across geographies |
| 2011 |
Entered into a JV to undertake the ‘Fluorspar Beneficiation Project’ to supply acid grade fluorspar and metallurgical grade fluorspar to GFL |
| 2007 |
Established a chemical complex at Dahej, Gujarat, comprised of a captive power plant, caustic soda and chlorine plant, chloromethane plant and a polytetrafluoroethylene (PTFE) plant Partnered with a China-based company to manufacture anhydrous hydrogen fluoride and allied activities |
| 1989 |
Collaborated with Stauffer Chemicals Pennwalt Corporation and Stearns Catalytic Corporation USA to commission a plant near Vadodara |
| 1988 |
Established a manufacturing plant to produce chlorofluorocarbon refrigerant gases and hydrofluoric acid in Panchmahal, Gujarat |
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