Navin Fluorine International Limited has informed the Exchange about General Updates
NAVINFLUOR · price
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Navin Fluorine has signed a strategic agreement with The Chemours Company to manufacture Opteon™ two-phase immersion cooling fluid at its Surat, Gujarat facility. This product is aimed at cooling data centres and AI hardware, offering energy-efficient and water-saving benefits. The Board has approved a capital expenditure of approximately Rs. 120 crores ($14 million) for setting up the manufacturing facility, of which Chemours will contribute $5 million. The facility is expected to become operational in Q1FY27 (April–June 2026). The company plans to expand capacity further if market adoption deepens.
This move marks Navin Fluorine's entry into the high-growth advanced materials and AI-driven data centre cooling segment, potentially opening a new revenue stream from FY27. The partnership with a global player like Chemours adds credibility and reduces execution risk, which is positive for long-term growth outlook.