Tanfac Industries has approved a major downstream expansion as part of its long-term growth strategy, with the Board clearing a new fluorinated chemicals manufacturing facility at its existing SIPCOT Industrial Estate plant in Cuddalore.

The proposed unit will have an installed capacity of 20,000 tonne per annum and involves an estimated investment of about Rs 495 crore. The project is targeted for commissioning by November 2026 and will cater to both domestic and international regions, leveraging integration with existing infrastructure. The Board also approved plans to raise up to Rs 500 crore through equity, including qualified institutional placement, subject to approvals, to support future growth.

Afzal Harunbhai Malkani, Managing Director said, “The investment is intended to support planned expansion into the downstream fluorinated chemicals segment.” The Board further approved a stock split to enhance liquidity.