Navin Fluorine Partners with DRDO for Indigenous Manufacturing of Sodium Borohydride Chemical
Navin Fluorine International Limited has secured an agreement with India's Defence Research and Development Organisation (DRDO), under the Ministry of Defence, concerning a project focused on accelerating indigenous process development. The project centers on the 'Indigenous Manufacturing of Sodium Borohydride Chemical in Bulk,' designated as a critical defence material.The collaboration aims to bolster India's domestic defence capabilities and further strengthen the national Defence R&D Ecosystem.
According to details released by DRDO, this initiative falls under the Technology Development Fund (TDF) Scheme. Under this project, DRDO committed to providing grant-in-aid and technological support to Navin Fluorine International Limited to aid in developing this technology for defence purposes.
The partnership underscores a commitment by the company toward the 'Make in India' initiative of the Government, contributing directly to the development of critical materials for the nation's defense sector.
NAVINFLUOR Stock Price Movement
Shares of Navin Fluorine International Limited settled down today, slipping 2.73% and closing at ₹7386.5. The stock saw a trading volume of 163,354 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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