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Gujarat Fluorochemicals

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Gujarat Fluorochemicals Limited
Company typePublic
BSE: 500173
NSE: FLUOROCHEM
IndustryIndustrial gases
Founded1987[1]
HeadquartersInox Towers
Noida, Uttar Pradesh, India
Websitehttps://www.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).[2]

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.[3][4] It has two subsidiaries - Gujarat Fluorochemicals Americas LLC and Gujarat Fluorochemicals GmbH.

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 earned "lucrative" carbon credit.[5] As per the 2010 Hindustan Times reporting, the company earned nearly half of it's revenue for FY 2009-2010 from the sale of carbon credits.[6]

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.[7][8][9]

References

  1. ^ http://www.sebi.gov.in/buyback/gujaratfluorochem.pdf
  2. ^ indiainfoline.com. "Deepak Asher, Director & Group Head (Corporate Finance), Gujarat Fluorochemicals". Retrieved 21 September 2016.
  3. ^ "About Gujarat Fluorochemicals Limited".
  4. ^ "Gujarat fluorochemicals ltd Stock/Share Price, Live BSE/NSE Gujarat fluorochemicals ltd Price, Gujarat fluorochemicals ltd Financial News at www.Indiainfoline.com".
  5. ^ Rosenthal, Elisabeth (8 August 2012). "In a Factory's Shadow, Fears About Health". The New York Times. ISSN 0362-4331. Retrieved 18 December 2021.
  6. ^ "Carbon credit scam slur on Indian firms". Hindustan Times. 13 September 2010. Retrieved 18 December 2021.
  7. ^ Dec 18, ANI / Updated:; 2021; Ist, 16:15. "Death toll rises to 7 in chemical factory blast in Gujarat's Panchmahal district | Ahmedabad News - Times of India". The Times of India. Retrieved 18 December 2021. {{cite web}}: |last2= has numeric name (help)CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
  8. ^ ANI (18 December 2021). "7 dead, 23 injured in a chemical factory blast in Gujarat's Panchmahal". Business Standard India. Retrieved 18 December 2021.
  9. ^ "Gujarat: Explosion at chemical factory leaves 5 dead, 15 injured". The Indian Express. 17 December 2021. Retrieved 18 December 2021.


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