India to produce ozone friendly HFOs as SRF invests ₹2,300cr

India May 07, 2026

India is gearing up to produce hydrofluoroolefins (HFOs), new, ozone-friendly refrigerant gasses, right here in the country.
These will replace the older, more harmful HFCs as part of a global push for cleaner technology.
SRF Ltd. is investing ₹2,300 crore in a big new HFO plant in Odisha to make this happen.

SRF patents HFOs, shares jump 7.5%

SRF has developed its own in-house HFO process and filed patents for HFOs, so India won't have to depend on foreign suppliers anymore, a big step as global rules tighten after 2032.
Already the top supplier of air-conditioner refrigerants in India, SRF could see even more growth as demand for greener options rises; its shares jumped 7.5% after the news and its market value now tops ₹80,000 crore.