Stallion India Fluorochemicals Ltd will invest ₹120 crore to set up an HFC R-32 refrigerant gas plant in Bhilwara, Rajasthan, also producing multiple other refrigerant gases. The project will create 30 jobs, with operations starting in 2026, and has support from the state government for approvals. The company has signed an MoU with the Government of Rajasthan for the project.