Navin Fluorine International is planning a capital expenditure (capex) at Dahej, Gujarat, at an estimated capital outlay of over Rs 450 crore.
The investment is for the next three to four years.
The company has initially approved a capex of around Rs 90 crore for site development and related infrastructure on about 74 acre of land for greenfield projects at Dahej through a wholly-owned subsidiary, to be incorporated.
The capex will be funded through internal accruals. The development of the infrastructure will enable the company to set up various future greenfield projects in fluorochemicals.
Each of the projects will be separately approved by the board over a period of time. The company currently has manufacturing units at Surat, Gujarat and Dewas, Madhya Pradesh.