Archive · 2 Sep 2025
SRF Navigates HFC Phase-down, Sees Near-Term Demand Boost
SRF is dealing with new rules about gases used in refrigerators, part of a global effort to reduce harmful emissions.
The rules come from the Kigali Amendment.
SRF is investing in new, less harmful gases called HFOs.
The company expects to benefit from the changes, especially in the near future.
Because of the phase-down, demand-supply is mismatched.
While other countries have already started reducing these gases, India's rules begin in 2032.
SRF's earnings have grown, and they are doing well financially.
SRF is preparing for the HFC phase-down, a global initiative under the Kigali Amendment.
The company is investing ₹1,100 crore in HFOs, which have lower global warming potential.
SRF anticipates benefiting from the global refrigerant gas demand-supply mismatch, especially for HFC-32.
India's reduction mandate for HFCs starts in 2032, with current plants running at full capacity.
SRF saw a 38% Ebitda growth in Q1FY26, with the chemicals business revenue up 20%.
- Who
- SRF
- What
- Preparing for the HFC phase-down
- When
- Recent investors call
- Where
- Not explicitly mentioned
- Why
- To address the impact of the Kigali Amendment
- Company
- SRF
- Main Topic
- HFC Phase-down
- Amendment
- Kigali Amendment
- SRF Investment
- ₹1,100 crore for HFOs
- India's Mandate
- Starts in 2032
- Q1FY26 Ebitda Growth
- 38%
