Navin Fluorine International is planning a CAPEX program at Dahej in the state of Gujarat through a wholly owned subsidiary with an estimated aggregate capital outlay of over Rs 450 crore over the next 3 - 4 years.
The Board of Directors of the company has initially approved capital expenditure of around Rs 90 crore for site development and related infrastructure on around 74 acres of land for Greenfield projects at Dahej, Gujarat through a wholly owned subsidiary, to be incorporated. The said capital expenditure will be funded by the Company out of its internal accruals.
Navin Fluorine International manufactures and sells specialty fluorochemicals in India and internationally.
