Stallion India Fluorochemicals Limited (SIFL), a prominent player in the refrigerants and industrial gases sector, has achieved a major milestone in its ambitious R-32 production plant project in Bhilwara, Rajasthan. The company has received environmental clearance from the State Environment Impact Assessment Authority (SEIAA), Rajasthan, marking significant progress towards becoming a fully integrated fluorochemicals enterprise.

Project Overview

Environmental Clearance Details

The company received the environmental clearance on December 28, 2025, for its proposed R-32 manufacturing plant. The clearance covers multiple product categories and represents a crucial regulatory approval for the project's advancement.

The blended refrigerants include R-410A, R-407C, R-404A, R-507A, R-454B, R-513A, R-515B, R-449A, and R-448A. The environmental clearance is valid for a maximum of ten years and may be extended by another year beyond the initial period.

Project Timeline and Development

The company successfully conducted the Bhoomi Pooja ceremony on October 19, 2025, signaling the formal commencement of the project. Construction work began on November 1, 2025, with a targeted completion within nine months. The facility is strategically located at Plot No. SP3-10, RIICO Industrial Area, Ukhaliya, Tehsil - Hurda, District - Bhilwara, Rajasthan.

Strategic Significance

Mr. Shazad Rustomji, Managing Director & CEO of Stallion India Fluorochemicals Limited, emphasized the strategic importance of this project, stating, "The Bhilwara facility represents a major step forward in our long-term vision of backward integration and self-reliance in fluorochemicals manufacturing. It will provide us with strategic control over key raw materials, enabling sustainable and cost-competitive operations for the years ahead."

Company Background

Stallion India Fluorochemicals Limited, incorporated in 2002, has established itself as a specialized leader in the refrigerants and industrial gases sector over the past three decades. The company operates across four strategic manufacturing facilities located in Khalapur, Ghiloth, Manesar, and Panvel, focusing on debulking, blending, and processing of gases. SIFL's unique market positioning stems from its focus on gas blending, distinguishing it from competitors who primarily manufacture base molecules.

Stallion India Fluorochemicals Limited , a leading provider of refrigerant and industrial gases, has reported a robust financial performance for the second quarter of fiscal year 2025-26, with significant growth in both revenue and profitability.

Strong Revenue Growth

The company's total revenue for Q2 FY2025-26 stood at ₹10,575.75 lakh, representing a substantial year-over-year increase of 56% from ₹6,797.99 lakh in the corresponding quarter of the previous fiscal year. This impressive growth underscores the company's strong market position and increasing demand for its products.

Remarkable Profit Surge

Stallion India Fluorochemicals witnessed an extraordinary surge in its Profit After Tax (PAT) for Q2 FY2025-26, which rose to ₹1,141.67 lakh, marking a staggering 1,241% increase from ₹85.12 lakh in Q2 FY2024-25. This significant jump in profitability reflects the company's improved operational efficiency and strategic initiatives.

Half-Year Performance

For the first half of FY2025-26, the company's performance continued to be strong:

• Total revenue reached ₹21,630.31 lakh, up 53% from ₹14,153.16 lakh in H1 FY2024-25.
• PAT for H1 FY2025-26 stood at ₹2,178.00 lakh, a remarkable 135% increase from ₹926.69 lakh in the same period last year.

Operational Highlights

Stallion India Fluorochemicals currently operates four facilities across Maharashtra, Rajasthan, and Haryana. The company is in the process of expanding its operations with two new facilities:

1. A 7,200 MT capacity plant in Andhra Pradesh
2. A 1,200 MT semiconductor gas facility in Khalapur, Maharashtra

These expansions are expected to strengthen the company's market position and cater to growing demand in various sectors.

Financial Metrics

The company's EBITDA margin improved significantly to 14.91% in Q2 FY2025-26 from 3.47% in the same quarter last year, indicating enhanced operational efficiency.

Future Outlook

Stallion India Fluorochemicals is targeting a 30-35% CAGR growth over the next three years. The company expects its strategic initiatives, including backward integration and expansion into higher-value products like semiconductor gases, to improve profit margins by 3-4%.

Management Commentary

Shazad Rustomji, Managing Director & CEO of Stallion India Fluorochemicals, stated, "Our strong performance in Q2 and H1 FY2025-26 reflects the success of our strategic initiatives and the growing demand for our products. We are particularly excited about our expansion into specialty and semiconductor gas capabilities, which will position us at the forefront of India's emerging technology needs."

The company's focus on forward integration, coupled with plans for backward integration, is expected to create significant growth potential and support its ambition to emerge as an industry leader in the fluorochemicals sector.

As Stallion India Fluorochemicals continues to expand its product portfolio and manufacturing capabilities, it remains well-positioned to capitalize on the growing demand for refrigerants and industrial gases across various sectors in India.