SRF to set up JV in China, increase capacity of Chloromethanos plant

SRF Ltd has announced that the Board of Directors of the Company at its meeting held on March 07, 2007, has approved following investment / capital expenditure proposals in relation to Company's Chemicals Business:

1. Setting up a 50:50 Joint Venture Project in China to manufacture Anhydrous Hydrogen Fluoride at an estimated cost of US$ 9 million with a leading Chinese Fluorspar Producer envisaging a capital investment by the Company of a sum not exceeding US$ 3 million.

2. Increasing capacity of Chloromethanos plant from 82.5 TPD to 102 TPD through debottlenocking at a cost of Rs 1700 lakhs.

Source : Equity Bulls

Keywords