Chemplast Sanmar will invest Rs 340 crore to establish a manufacturing facility to produce refrigerant gas.   

Meanwhile, The Chennai-based company declared its financial results for the fiscal year ending March 31, 2025.    

Chemplast Sanmar Ltd reported a net loss of Rs 54 crore for the January–March 2025 quarter, compared to a net loss of Rs 31 crore during the corresponding quarter of the previous financial year. The profitability was impacted due to imports of suspension and paste PVC (polyvinyl chloride) into India, Managing Director Ramkumar Shankar said.    

Revenue during the quarter under review grew to Rs 1,151 crore, compared to Rs 1,051 crore in the same quarter last year.    

"The company is pleased to announce a greenfield capex of Rs 340 crore for the production of R32 refrigerant gas. This project, along with the ongoing multi-purpose production block expansion in Cuddalore, reinforces our strategy to grow in the specialty chemicals space," Shankar said.