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Gujarat Fluorochemicals

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 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.[8][9][10]

External links

References

  1. Archived copy retrieved 21 September 2016^
  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 2016-09-21^
  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. Elisabeth Rosenthal. In a Factory's Shadow, Fears About Health The New York Times, 2012-08-08, retrieved 2021-12-18^
  7. Carbon credit scam slur on Indian firms Hindustan Times, 2010-09-01, retrieved 2021-12-18^
  8. Death toll rises to 7 in chemical factory blast in Gujarat's Panchmahal district The Times of India, 18 Dec 2021, retrieved 2021-12-18^
  9. ANI. 7 dead, 23 injured in a chemical factory blast in Gujarat's Panchmahal Business Standard India, 2021-12-18, retrieved 2021-12-18^
  10. Gujarat: Explosion at chemical factory leaves 5 dead, 15 injured The Indian Express, 2021-12-17, retrieved 2021-12-18^