Mumbai, May 7 -- Opteon is a proprietary product of Chemours Company. This product addresses the growing demands of advanced data centers and AI hardware for high performance, sustainable and cost-effective cooling solutions.

The product aims to deliver significant energy efficiency, reduced water requirements as well as a materially lower physical footprint for data centres.

Under the agreement, Navin Fluorine will establish manufacturing facility at Surat, Gujarat, at an estimated capex of $14 million (approximately Rs 120 crore), including $5 million (nearly Rs 43 crore) of contribution by Chemours. Navin would fund this capex through a mix of debt and internal accruals.

The project is expected to be operational during Q1 FY27 (Apri...