SRF board approves expansion project of Rs115 crore; Stock trades higher

10 May 2022 , 10:32 AM

The Board of Directors of SRF Limited at its meeting held on May 09, 2022 has approved project for dedicated facilities to produce intermediates for Agrochemicals in the New Plant Structure at Dahej at a cost of Rs115 crore.

As per the filing, the proposed capacity addition is 600 to 800 MTPA and the period within which the proposed capacity is to be added by February 2023.

Further, the mode of financing is mix of debt and internal accruals. The objective of the expansion is to meet the demands of the customers, said company.

At around 10:39 AM, SRF was trading at Rs2,227 apiece up by Rs4.85 or 0.22% from its previous closing of Rs2,222.15 apiece on the BSE.