Stallion India Fluorochemicals Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "Stallion India Fluorochemicals Limited Receives Land Allotment Approval for Proposed HFO Manufacturing Plant in Rajasthan".
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Stallion India Fluorochemicals has received approval from RIICO for allotment of a new ~53,369 sq. mtr. plot at Ukhalia, Bhilwara, Rajasthan, for its proposed Hydrofluoroolefin (HFO) manufacturing plant. This new plot sits next to two existing plots (~40,524 and ~28,650 sq. mtrs.), giving the company three contiguous plots totaling ~122,543 sq. mtrs. for an integrated manufacturing setup. The company has earmarked about ₹200 crore for the HFO project, with construction work planned to begin in 2027, while its R-32 project is targeted for commissioning by October 2026. The Rajasthan project qualifies for incentives under the state RIPS-2024 policy, which could cumulatively cover up to 100% of eligible fixed capital investment. Management reiterated its target of achieving a 30–35% revenue CAGR over the next three years, driven by these expansions.
This is a positive capacity-expansion milestone that strengthens Stallion's growth pipeline in next-generation, low-global-warming refrigerant (HFO) technology. The combination of a large contiguous land bank, ₹200 crore planned capex, and potential up to 100% subsidy support under RIPS-2024 could meaningfully boost long-term returns, though the HFO project is still 1–2 years away from breaking ground, so near-term stock impact may be limited.