Refex Refrigerants Ltd, a Chennai based leading refrigerants management solutions provider and BSE listed company, has announced that it has got a Special Import License from DGFT ( Director General of Foreign Trade ), Ministry of Commerce and Industry, India.

Through this license the company will be able to import 2000 MT of HCFC based Refrigerants.

Commenting on this Mr.Anil Jain , Managing Director of Refex Refrigerants said "We are very happy to get this license which enables us to import HCFC based Refrigerants. The import of these Refrigerants will increase our product line immensely. Our commitment in providing the unparalleled solution to our customers with our wide range of products is the driving force of Refex. This License can generate an additional business of 40 crores and add to the net profit about 8 crores over a time frame of 8-9 months. This license also makes Refex one of the first importer of HCFC into India where the demand of HCFC is at its peak."

"Our net profit was up by 320% in the second quarter and with the launch of more products we are certain to record unprecedented growth in the future", added Mr.Jain.

Refex Refrigerants has clocked a turnover of Rs.51.29 crores for the financial year (2006-07) with a net profit

of Rs.3.91 crores. And for half year ended 30.09.2007 the turnover was 40.02 crores with a net profit of 6.02 crores.

Refex Refrigerants, as part of its expansion plan, is setting up a new refilling plant in Thiruporur near Chennai at a total investment of Rs.36 crores. With this expansion, the company expects to increase its refilling capacity from the current 480 tonnes to 3000 tonnes per annum. The plant is expected to be operational in January 2008.

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About Refex Refrigerants Ltd:

Refex Refrigerants Ltd is in the business of refilling and marketing world class refrigerant products in India. It has a state-of-the-art refilling and storage facility at Thiruporur, Kanchipuram District (Tamil Nadu) from where the products are refilled and distributed to major OEM's and Trade sectors. It is a fully automated plant with major machinery imported from world over. Refex is an ISO 9001:2000 Certified company. It has recently been listed on BSE.