SRF to manufacturer next generation refrigerant gas

Diversified firm SRF Ltd today said its board has approved a proposal to set up a pilot plant to manufacture next generation refrigerant gas.
The initiative will make the company the first technology developer outside the US and Europe to manufacture this gas, which is expected to find increasing use in car air-conditioning systems globally in future, SRF said in a regulatory filing.
"The Board of Directors of SRF Ltd has approved an investment proposal for setting up of a pilot plant to manufacture next generation refrigerant gas (HFO 1234yf)," it said.
By venturing to develop its own process through in-house R&D (research and development) capabilities in refrigerant gases, it said adding the company has reinforced its expertise in this niche domain.

"The in-house technology will also allow SRF to manufacture, brand and sell next generation refrigerant gas in India and in global markets," it added.
SRF Ltd is a multi-business entity which is also engaged in manufacturing of chemical based industrial intermediates.
The firm had reported a 41 per cent jump in its consolidated net profit to Rs 101 crore for the third quarter ended December 2015.
Shares of the company share were 2.31 per cent down trading at Rs 1275.75 on BSE.