Hindustan Fluorocarbons has received its board’s approval to sell 20 acres of unused land to Central Institute of Plastics and Engineering Technology (CIPET), which is an autonomous body under the Ministry of Fertilizers and chemicals, at the rate of Rs 35 lakh per acre. The company is planning to execute the sale deeds at the earliest.
Hindustan Flurocarbons is the first and only manufacturer of Polytetrafluoethylene (PTFE)-an Engineering plastic in India with know how from AOCHEM, France.