Navin Fluorine Subsidiary Invests ₹5.5 Cr in SPV for Power

Navin Fluorine International Ltd's wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL), has entered into agreements to invest up to ₹5.50 crores in a Special Purpose Vehicle (SPV) named Pro-Zeal Green Power Twenty Private Limited. This investment, representing 26% equity and Compulsorily Convertible Debentures, is for setting up a 5MW hybrid power plant at NFASL's Dahej Unit. The remaining 74% will be invested by Prozeal Green Power Private Limited. This strategic move aims to secure significant savings on power costs and advance the group's sustainability initiatives through guaranteed captive power generation.