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Navin Fluorine: Impacted by MD s Exit - The Hindu BusinessLine

Navin Fluorine: Impacted by MD s Exit - The Hindu BusinessLine
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Radhesh Welling: Navin Fluorine MD Welling resigns, shares plunge 14%

The company said executive chairperson Vishad Mafatlal will steer the operations till it finds a replacement for Welling. While maintaining its overweight rating on the stock with a target price of ₹4,951, Morgan Stanley said it has "taken note of this high attrition in top management" and expects to hear more from the company on plans to tackle the same.

Navin Fluorine International : Q4 & FY23 Earnings Call Transcript

Navin Flourine inaugurates Dahej Plant for manufacturing and supply of Hydrofluoroolefins

Navin Fluorine gains as board approves capex plan

Navin Fluorine jumped 4.8% to Rs 2,618.50 after the chemicals maker announced that its board has approved capital expenditure for setting up of a multi-purpose plant (MPP) with an outlay of Rs 195 crore. The capex will be undertaken by it s wholly owned subsidiary, Navin Fluorine Advanced Science (NFASL) at Dahej, Gujarat and will be funded through a mix of internal accruals and debt. The company said its new capacity is expected to come on stream during H1 of FY23 and will create opportunities for new products in life science and crop science sectors in the specialty chemicals business. Commenting on the development, Radhesh Welling, MD of Navin Fluorine International said, This investment will lay foundation for the next phase of growth of our Specialty Chemical business. It will help us enhance our product offerings and strengthen our customer relationships along with providing building blocks for future growth.

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