Ajay Upadhyaya-Held Chemical Stock Signs Agreement with DRDO to Develop Indigenous Defence Chemical Technology

Navin Fluorine International signed an agreement with DRDO to develop indigenous bulk manufacturing of Sodium Borohydride under the Technology Development Fund scheme.

DRDO will provide grant-in-aid and technological support for the project.

The project is titled 'Indigenous Manufacturing of Sodium Borohydride Chemical in Bulk' and aims to accelerate domestic process development.

Sodium Borohydride is identified as a strategic chemical critical for defence applications.

Ajay Upadhyaya held a 1.01% stake in Navin Fluorine International as of June 2026.