The Board of Directors of Tanfac Industries Limited approved the establishment of a new downstream fluorinated chemicals manufacturing facility, involving a total investment of ₹495 crore. Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO) promote Tanfac Industries, a joint sector chemicals company.
Facility to Be Located at Cuddalore
The company will develop the new facility at its existing manufacturing site in Cuddalore, Tamil Nadu, to enable seamless integration with current operations. The company plans to commission the plant, with an installed capacity of 20,000 tons per annum, by November 2026. To support the project, the company plans to fund the investment through a combination of equity and debt. The company commented that the project aligns with its long-term growth strategy and will expand its downstream fluorinated chemicals portfolio.
Management View on Strategic Expansion
Afzal Malkani, Managing Director, said the investment will play a key role in strengthening Tanfac’s downstream capabilities. “The investment is intended to support our planned expansion into the downstream fluorinated chemicals segment. Developing the facility at the existing Cuddalore location will allow us to leverage and integrate current infrastructure efficiently,” he said.
Board Clears Fundraising Plan
The Board approved a proposal to raise up to ₹500 crore through the issuance of equity shares via a qualified institutional placement (QIP) or other permissible routes, as reported by thehindubusinessline.com, in addition to the manufacturing expansion. The fundraising plan remains subject to shareholder and regulatory approvals.
