SRF Ltd to set up 60,000 MTPA second BOPP film line at Indore

The Board of Directors of SRF Ltd at its meeting held on November 04, 2020 has approved Setting up of a second BOPP Film Line & Metallizer at Indore either directly or through a wholly owned subsidiary.

The existing capacity is 45,000 MTPA and the existing capacity utilization is 100% on product mix basis. 60,000 MTPA of additional capacity is proposed at an outlay of Rs. 424 crore through mix of debt and internal accruals.

The new capacity should go on stream within 20 months.

The rationale for expansion is the growth of BOPP market both in India and overseas, need for ability to service the customer for the entire spectrum of BOPP products.

Shares of SRF LTD. was last trading in BSE at Rs.4441.9 as compared to the previous close of Rs. 4394.4. The total number of shares traded during the day was 5543 in over 1380 trades.

The stock hit an intraday high of Rs. 4456.5 and intraday low of 4355.7. The net turnover during the day was Rs. 24444366.

Source : Equity Bulls

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