Gujarat Fluorochemicals in South Africa

Gujarat Fluorochemicals Expands Global Footprint with New Singapore Subsidiary

January 9, 2025

Gujarat Fluorochemicals Limited (GFL), a leading Indian chemical manufacturer, has established a wholly owned subsidiary in Singapore, named GFCL EV Products Pte. The Accounting and Corporate Regulatory Authority of Singapore issued the Certificate of Incorporation on January 9, 2025. While the subsidiary has yet to commence operations, this strategic move underscores GFL’s commitment to expanding its global presence in the electric vehicle (EV) sector. (sharesbazaar.com)

Financial Performance Declines Amid Market Challenges

September 5, 2025

In the second quarter of fiscal year 2024, GFL reported a 35% year-on-year decline in consolidated revenue, totaling ₹947 crore. EBITDA plummeted by 70% to ₹163 crore, with margins contracting from 37% to 17%. Profit After Tax (PAT) fell by 85% to ₹53 crore. The company cited reduced exports and challenging market conditions across key business segments as contributing factors. Despite these setbacks, management remains optimistic for the latter half of FY24, anticipating improved performance across all segments. (scanx.trade)

Gas Leak Incident at Gujarat Plant Results in Fatality

September 10, 2025

A gas leak at GFL’s Ranjitnagar plant in Gujarat led to the death of one employee and injuries to 13 others. The incident occurred when a pressurized pipeline burst, causing the release of R-22 refrigerant gas. The company activated safety mechanisms, including sprinklers and the DSC control system, to halt operations and evacuate personnel. Affected workers received immediate medical attention, with some transferred to nearby hospitals. GFL has initiated a thorough investigation into the cause of the incident and is committed to maintaining the highest safety standards across all operations. (indianexpress.com)

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Stock Performance Affected by Safety Incident

September 11, 2025

Following the gas leak incident, GFL’s shares experienced a decline of nearly 5% in intraday trading. The company assured investors that operations at the Ranjitnagar plant are being restored, and any business losses resulting from the temporary production disruption are covered under its Industrial All Risks (IAR) Insurance Policy. GFL continues to prioritize the safety and well-being of its employees and the surrounding community. (moneycontrol.com)

Company’s Commitment to Safety and Community Support

In response to the December 2024 incident at its CMS-1 plant in Dahej, Gujarat, GFL has taken immediate steps to support the bereaved families. Each family received an ex-gratia amount of ₹30 lakh, along with the full settlement of statutory dues, insurance benefits, and pending salaries. Additionally, the company offered employment to the deceased employee’s ward and sponsored their education, including a degree in engineering. GFL remains dedicated to addressing the needs of all affected families with personalized support and has been in close contact with them to provide necessary assistance during this time of personal loss and distress. (business-standard.com)

Gujarat Fluorochemicals Limited continues to navigate challenges in the chemical industry while striving to uphold its commitment to safety, community support, and global expansion.