Navin Fluorine International Ltd, part of the Arvind Mafatlal Group, has set up a new research and innovation centre at its plant located at Bhestan in Surat, according to a statement released by the company.
The research centre, Navin Research & Innovation Centre (NRIC), is spread over 25,000 square feet area and would cater to the research needs of the pharmaceutical and agrochemical sectors.
The share price of the Mumbai-based fluorochemical supplier at the Bombay Stock Exchange has increased 20 per cent at Rs 132.90 in the past one month.