Company:Gujarat Fluorochemicals
 | |
| Type | Public, part of InoxGFL Group |
|---|---|
| BSE: 500173 NSE: FLUOROCHEM | |
| Industry | Industrial gases |
| Founded | 1987[1] |
| Headquarters | Inox Towers Noida, Uttar Pradesh, India |
| Revenue |  ₹5,775 crore (US$810 million) (FY23)[2] |
| ₹1,328 crore (US$190 million) (FY23)[2] | |
| Website | www |
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).[3]
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.[4][5] 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.[6] 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.[7]
Accidents
- On December 16, 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.[8][9][10]
References
- ↑ "Archived copy". http://www.sebi.gov.in/buyback/gujaratfluorochem.pdf.
- ↑ 2.0 2.1 "Gujarat Fluorochemicals Ltd Q4FY23 consolidated PAT up at Rs. 331.88 crores". EquityBulls. 5 May 2023. https://www.equitybulls.com/category.php?id=331103.
- ↑ indiainfoline.com. "Deepak Asher, Director & Group Head (Corporate Finance), Gujarat Fluorochemicals". http://www.indiainfoline.com/article/news-leader-speak/deepak-asher-director-group-head-corporate-finance-gujarat-fluorochemicals-115103100049_1.html.
- ↑ "About Gujarat Fluorochemicals Limited". http://www.gfl.co.in/aboutus.php.
- ↑ "Gujarat fluorochemicals ltd Stock/Share Price, Live BSE/NSE Gujarat fluorochemicals ltd Price, Gujarat fluorochemicals ltd Financial News at www.Indiainfoline.com". http://www.indiainfoline.com/company/gujarat-fluorochemicals-ltd/1128.
- ↑ Rosenthal, Elisabeth (2012-08-08). "In a Factory's Shadow, Fears About Health" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2012/08/09/world/asia/indian-village-at-odds-with-gujarat-fluorochemicals-plant.html.
- ↑ "Carbon credit scam slur on Indian firms" (in en). 2010-09-13. https://www.hindustantimes.com/delhi/carbon-credit-scam-slur-on-indian-firms/story-sDsMX3X35hFbTZjfTXXLTO.html.
- ↑ "Death toll rises to 7 in chemical factory blast in Gujarat's Panchmahal district | Ahmedabad News - Times of India" (in en). Dec 18, 2021. https://timesofindia.indiatimes.com/city/ahmedabad/death-toll-rises-to-7-in-chemical-factory-blast-in-gujarats-panchmahal-district/articleshow/88358230.cms.
- ↑ ANI (2021-12-18). "7 dead, 23 injured in a chemical factory blast in Gujarat's Panchmahal". Business Standard India. https://www.business-standard.com/article/current-affairs/7-dead-23-injured-in-a-chemical-factory-blast-in-gujarat-s-panchmahal-121121800099_1.html.
- ↑ "Gujarat: Explosion at chemical factory leaves 5 dead, 15 injured" (in en). 2021-12-17. https://indianexpress.com/article/cities/baroda/gujarat-explosion-at-factory-kills-5-7676838/.
External links
 |  |
