Stallion India Share Price Rise Over 7% on Signing MoU with Govt of Rajasthan for New R-32 Manufacturing Plant

Stallion India Fluorochemicals Limited (SIFL), a prominent name in the refrigerants and industrial gases sector, has entered into a strategic Memorandum of Understanding (MoU) with the Government of Rajasthan. The agreement aims to establish a state-of-the-art R-32 refrigerant gas manufacturing plant in Bhilwara district, further strengthening India’s domestic production capabilities and reducing dependency on imports.

Strategic Investment to Boost Manufacturing Capacity

The Bhilwara facility will not only focus on R-32 but will also produce advanced refrigerant gases such as R-410A, R-404A, R-407C, R-454B, R-515B, and R-513A. With an investment of approximately ₹120 crore, the project is expected to create 30 direct jobs and commence production in 2026. 

The land acquisition process is already underway. The Government of Rajasthan, through the Rajasthan State Industrial Development and Investment Corporation (RIICO), will extend crucial support in terms of approvals, clearances, and infrastructure to ensure timely execution.

Shazad Sheriar Rustomji, Managing Director & CEO of Stallion India Fluorochemicals Limited, stated: “This project marks a significant milestone in our capacity expansion strategy and underscores our commitment to serving the growing demand for environment-friendly and energy-efficient refrigerants in India. The Bhilwara facility will strengthen our domestic manufacturing footprint, reduce import dependency, and position us to cater to both domestic and export markets.”

About Stallion India Fluorochemicals

Incorporated in 1992, SIFL has over 3 decades of expertise in processing, blending, and distributing gases for industries such as air conditioning, refrigeration, fire-fighting, semiconductors, pharmaceuticals, automotive, and glass manufacturing. Operating four facilities in Khalapur, Ghiloth, Manesar, and Panvel, the company specialises in gas blending, setting it apart from competitors focusing primarily on base molecule manufacturing. Its product portfolio includes Hydrocarbons (HC), Hydrofluorocarbons (HFCs), and Hydrofluoroolefins (HFOs), delivered with a strong emphasis on safety, innovation, and environmental responsibility.

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SIFL Share Price Performance 

As of August 12, 2025, at 12:36 PM, SIFL share price is trading at ₹123.08 per share, reflecting a surge of 7.46%.

Conclusion

The MoU between SIFL and the Government of Rajasthan represents a significant step towards advancing India’s refrigerant manufacturing sector. With its strategic investment, SIFL aims to enhance domestic capacity, support sustainability goals, and expand its reach in both domestic and global markets.

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