SRF Ltd Approves Capital Expenditure of Rs. 490 Crores for BOPP Film Manufacturing Facility

SRF Ltd, in compliance with SEBI regulations, has announced the approval of a project for setting up a manufacturing facility for Biaxially Oriented Polypropylene (BOPP) Film at Indore, MP. The project is estimated to cost Rs. 490 Crores. The existing capacity of the company is 110,000 MTPA with a 100% capacity utilization. The proposed capacity addition is 60,000 MTPA. The company plans to add this capacity within 24 months. The investment will be financed through a mix of debt and internal accruals. The rationale behind this investment is to meet the customer demand.