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SRF Ltd, a Gurugram-based diversified chemical firm, plans to invest close to INR 750 crore to establish new manufacturing facilities. This includes an agro-chemical plant in Dahej, Gujarat, costing INR 250 crore, and a BOPP film manufacturing facility in Indore, Madhya Pradesh, with an investment of INR 490 crore. These projects, approved by the company's board recently, are part of SRF's expansion strategy. The announcement follows a strong financial quarter for SRF, which reported a 71 percent increase in net profit, reflecting the company's robust capital expenditure plans despite global uncertainties.
SRF Ltd, a diversified chemical firm based in Gurugram, is set to make a significant investment of nearly INR 750 crore to expand its manufacturing capabilities. This investment includes plans for a new agro-chemical plant in Gujarat and a BOPP film manufacturing facility in Indore, Madhya Pradesh. Advertisement
The company's board recently approved the establishment of a facility dedicated to producing agrochemicals in Dahej, Gujarat. This project, with a cost of INR 250 crore, will have the capacity to produce 12,000 tonnes of an agrochemical intermediate annually. This facility is expected to be completed within 18 months, according to a recent regulatory filing.
SRF Ltd has approved an investment of INR 490 crore for a new BOPP (Biaxially Oriented Polypropylene) film manufacturing facility in Indore. This facility will feature a 10.4-meter-wide Bruckner film line and a metalliser, indicating advanced production capabilities. This project is projected to be completed within 24 months.
The announcement of these expansion plans follows a strong financial performance by SRF Ltd. The company reported a 71 percent increase in its consolidated net profit, reaching INR 432.32 crore during the April-June period of the current fiscal year. This is up from INR 252.22 crore in the corresponding period a year ago. Income from operations also saw a 10 percent rise, reaching INR 3,818.62 crore during the first quarter of this fiscal, compared to INR 3,464.12 crore in the preceding year.
Ashish Bharat Ram, SRF Chairman and Managing Director, stated that despite a weak summer and ongoing global uncertainties, the company had a good start to the year. He added that they remained cautiously optimistic for the rest of the year and confirmed that their capital expenditure plans would continue to be robust. For the entire 2024-25 fiscal year, SRF Ltd had posted a consolidated net profit of INR 1251 crore on a total income of INR 14,825.79 crore. SRF has a diverse business portfolio that includes fluorochemicals, specialty chemicals, performance films and foil, technical textiles, and coated and laminated fabrics.
Source- PTI
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