SRF Ltd approves expansion project of Rs. 162 crores

The Board of Directors of SRF Ltd at its meeting held on July 21, 2022 has approved project for capacity expansion and modernization of Belting Fabric Operations at a cost of Rs. 162 Crores. The existing capacity utilization is 100% and the company has proposed capacity addition of 700 MTPA.

This project shall be financed through a mix of debt and internal accruals. The objective is to maintain and enhance SRF's market share.

The new capacity is to be added by 31st March, 2025.

Shares of SRF Limited was last trading in BSE at Rs. 2290.45 as compared to the previous close of Rs. 2344.60. The total number of shares traded during the day was 81660 in over 9443 trades.

The stock hit an intraday high of Rs. 2409.00 and intraday low of 2274.15. The net turnover during the day was Rs. 191729894.00.

Source : Equity Bulls

Keywords

SRF INE647A01010 CapacityExpansion Modernization BeltingFabricOperations