Navin Fluorine Partners with DRDO for Indigenous Manufacturing of Sodium Borohydride

Navin Fluorine International Limited (NFIL) has entered a strategic collaboration with the Defence Research and Development Organisation (DRDO) for the bulk indigenous manufacturing of Sodium Borohydride, a critical defence-grade chemical. The project will be executed with technological support and grant-in-aid from DRDO. Key Highlights: Strategic Localization: The partnership directly reduces India's import reliance for critical defence materials, aligning with the 'Atmanirbhar Bharat' initiative and the broader 'China+1' macro tailwind. Portfolio Diversification: This collaboration marks NFIL’s successful expansion beyond traditional refrigerants into high-barrier, non-cyclical, and strategic-grade specialty chemical applications. Strong Financial Backdrop (FY26): This strategic win builds on an exceptionally robust financial performance in FY26: Revenue: Operating revenue grew 41.05% YoY to ₹3,313.9 crore. Profitability: Consolidated net profit more than doubled, surging 129.94% YoY to ₹663.55 crore, with EBITDA margins expanding to a healthy 32.64%. Shareholder Returns: The Board has recommended a final dividend of ₹8.6 per share (face value ₹2). Strategic Outlook: Partnering with a premier government entity like DRDO provides NFIL with steady, long-term revenue visibility and validates its advanced synthesis capabilities. This move firmly establishes the company as a critical domestic player in India's defence and strategic chemical supply chain. $NAVINFLUOR