SRF commissions expansion project worth Rs405 crore; Stock plunges near 4%

1 Jul 2022 , 11:42 AM

SRF Ltd has informed that  the Board of the company had earlier approved for a project to create MPP4 plant at Dahej at a cost of Rs375 crore.

Finally, the said project has been commissioned and capitalized on June 29, 2022 at an aggregate cost of Rs405 crore, the company said in a regulatory filing.

At around 11:43 AM, SRF was trading at Rs2,164.45 per share down by Rs84.9 or 3.77% from its previous closing of Rs2,249.35 per share on the BSE.

On Friday, the scrip opened at Rs2,240 and has touched a high and low of Rs2,240.05 and Rs2,132.10 respectively so far today.