The Board of SRF Ltd has approved setting up of a BOPET film line & Resin plant in Thailand by SRF Industries (Thailand) Ltd. (a wholly owned subsidiary of the Company) at a total cost of USD 60 million (equivalent to Rs. 410 Crores (approx.)).
The Existing Capacity is 28,500 MTPA and existing capacity utilisation is 100%. The Proposed Capacity addition is 40,000 MTPA. This capacity addition will further strengthen our presence in the buoyant South East Asian region and expand the customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, we will not only gain significant synergies but also shorten the production lead-times, further improve efficiency and ensure continued high quality standard.
Shares of SRF LTD. was last trading in BSE at Rs.1728 as compared to the previous close of Rs. 1644.55. The total number of shares traded during the day was 22475 in over 1263 trades.
The stock hit an intraday high of Rs. 1735 and intraday low of 1642.15. The net turnover during the day was Rs. 38227212.