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Gujarat Fluorochemicals

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(Redirected from Gujarat Fluorochemicals Limited) Industrial refrigerant manufacturer in India

Gujarat Fluorochemicals Limited
Company typePublic, part of InoxGFL Group
Traded asBSE: 500173
NSE: FLUOROCHEM
IndustryIndustrial gases
Founded1987
HeadquartersInox Towers
Noida, Uttar Pradesh, India
RevenueIncrease ₹5,775 crore (US$690 million) (FY23)
Net incomeIncrease ₹1,328 crore (US$160 million) (FY23)
Websitewww.gfl.co.in

Gujarat Fluorochemicals Limited (GFL) is an industrial refrigerant manufacturer in India. It is one of the largest producers (by volume) of chloromethane, refrigerants and polytetrafluoroethylene (PTFE).

History

The company was incorporated in 1987, is a subsidiary of Inox Leasing and Finance Limited. GFL has two manufacturing facilities in Gujarat, a refrigerant plant at Ranjitnagar near Ghoghmba town Panchmahal, and a PTFE facility at Dahej. It has two subsidiaries - Gujarat Fluorochemicals Americas LLC and Gujarat Fluorochemicals GmbH to cater Americana and European operations respectively.

Controversies

In 2000s, the company was embroiled in "shoddy practice" of destroying HFC 23, a byproduct released in the coolant-making process at its plant at Nathkuva village in Halol. In return, company was earning "lucrative" carbon credit. As per the 2010 Hindustan Times reporting, the company earned nearly half of its revenue for FY 2009-2010 from the sale of carbon credits.

Accidents

  • On 16 December 2021, 7 people died and 23 others were injured in a blast that took place at GFL's refrigerant manufacturing plant in Ranjitnagar village, Ghoghamba taluka of Panchmahal district.

References

  1. "Archived copy" (PDF). Archived from the original (PDF) on 18 February 2017. Retrieved 21 September 2016.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ "Gujarat Fluorochemicals Ltd Q4FY23 consolidated PAT up at Rs. 331.88 crores". EquityBulls. 5 May 2023. Retrieved 8 July 2023.
  3. indiainfoline.com. "Deepak Asher, Director & Group Head (Corporate Finance), Gujarat Fluorochemicals". Retrieved 21 September 2016.
  4. "About Gujarat Fluorochemicals Limited".
  5. "Gujarat fluorochemicals ltd Stock/Share Price, Live BSE/NSE Gujarat fluorochemicals ltd Price, Gujarat fluorochemicals ltd Financial News at www.Indiainfoline.com".
  6. Rosenthal, Elisabeth (8 August 2012). "In a Factory's Shadow, Fears About Health". The New York Times. ISSN 0362-4331. Retrieved 18 December 2021.
  7. "Carbon credit scam slur on Indian firms". Hindustan Times. 1 September 2010. Retrieved 18 December 2021.
  8. "Death toll rises to 7 in chemical factory blast in Gujarat's Panchmahal district | Ahmedabad News - Times of India". The Times of India. ANI. 18 December 2021. Retrieved 18 December 2021.
  9. ANI (18 December 2021). "7 dead, 23 injured in a chemical factory blast in Gujarat's Panchmahal". Business Standard India. Retrieved 18 December 2021.
  10. "Gujarat: Explosion at chemical factory leaves 5 dead, 15 injured". The Indian Express. 17 December 2021. Retrieved 18 December 2021.


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