Stallion India Fluorochemicals Limited (SIFL), an integrated refrigerants and industrial gases manufacturer, has received approval from the Rajasthan State Industrial Development and Investment Corporation (RIICO) for the allotment of land for its proposed Hydrofluoroolefin (HFO) manufacturing facility. The plant will be set up at the RIICO Industrial Area in Ukhalliya, District Bhilwara, Rajasthan, marking another milestone in the company’s expansion strategy in the state.
The newly allotted Plot No. SP2-9 measures approximately 53,369 sq. mtrs and is located adjacent to the company’s existing Plot SP3-10, measuring around 40,524 sq. mtrs, and Plot SP3-11, measuring about 28,650 sq. mtrs. With this addition, Stallion India Fluorochemicals now holds three adjoining plots totaling approximately 122,543 sq. mtrs. The contiguous land parcel will allow the company to develop an integrated manufacturing layout designed to support its expanding fluorochemicals operations.
According to the company’s management, the proximity of the three plots will enable shared infrastructure, utilities, security systems, administrative facilities, and centralized factory management. This integrated approach is expected to create operational synergies, improve efficiencies, and support cost optimization as production capacity scales up over the coming years.
The proposed HFO manufacturing facility represents the next phase in Stallion India Fluorochemicals’ product diversification strategy. Hydrofluoroolefins are regarded as next-generation refrigerants due to their significantly lower global warming potential compared to conventional hydrofluorocarbons. By entering the HFO segment, the company aims to strengthen its product portfolio and enhance its long-term competitiveness in environmentally compliant refrigerant technologies.
The company has outlined an investment of approximately ₹200 crore for the HFO project, with the start of work planned in 2027. This development will follow the commissioning of its R-32 project, which is targeted for October 2026. The phased execution plan reflects a calibrated expansion approach as the company builds capacity in advanced refrigerant technologies.
The Rajasthan project is also expected to be eligible for incentives under the Rajasthan Investment Promotion Scheme (RIPS-2024). The scheme provides capex-linked benefits that may cumulatively extend up to 100% of the eligible fixed capital investment, subject to approvals and eligibility conditions. These incentives may include SGST-linked benefits, capital and performance-linked support, interest subvention, and employment-linked incentives, which could enhance project viability and long-term returns.
With these strategic initiatives, Stallion India Fluorochemicals has reiterated its confidence in achieving a targeted 30–35% revenue CAGR over the next three years. The integrated expansion in Bhilwara is aimed at building a strong domestic manufacturing base in specialty chemicals and fluorochemicals, aligning with India’s broader push toward self-reliance in high-value chemical manufacturing while supporting sustainable growth objectives.