India is set to become self-sufficient in the production of eco-friendly refrigerant gases with SRF's investment of ₹2,300 crore (approximately $276 million USD) in a manufacturing facility for hydrofluoroolefins (HFOs) in Odisha. Ashish Bharat Ram, chairman and managing director of SRF, emphasized that this initiative will eliminate dependence on foreign suppliers and align with the Montreal Protocol's regulations, which mandate a shift away from hydrofluorocarbons (HFCs) due to their environmental impact. HFOs, which are rapidly replacing HFCs in the USA and Europe, are recognized for their zero ozone depletion potential. SRF's facility will have a production capacity of 30,000 tonnes per annum. Following the announcement, SRF's shares surged by 7.5%, reflecting investor confidence in the company's future prospects. Bharat Ram anticipates significant growth in HFO adoption between 2032 and 2040, as India adheres to its commitment to reducing global warming gases.