SRF commissions expansion project worth Rs58 crore; Stock plunges near 4%

30 Sep 2022 , 10:26 AM

SRF Limited has informed to the exchnages regarding commissioning and capitalization of capex proposal approved by the Board.

As per the filing, on January 25, 2022 the Board informed about the approval for a project to setup a dedicated facility to produce 300 MTPA of P38 at Dahej at an estimated cost of Rs61 crore.

In line with this, it is hereby announced by the company that project has been commissioned and capitalized on September 29, 2022 at an aggregate cost of Rs58 crore.

At around 10:23 AM, SRF Ltd is currently trading at Rs2,446.95 per share down by Rs99.4 or 3.9% from its previous closing of Rs2,546.35 per share on the BSE.

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