SRF Ltd Board Approves ₹600 Cr Battery Foil Plant

SRF Ltd's Board of Directors has approved a capital expenditure of approximately ₹600 Crores for its wholly-owned subsidiary, SRF Altech Limited, to set up a manufacturing facility for Aluminium foil for battery applications. This strategic move aims to capitalize on the growing Energy Storage and Electric Vehicle (EV) sectors in India. The facility will be located at the subsidiary's existing site in Jetapur, Madhya Pradesh, and will be implemented in two phases of ₹300 Crores each. Phase I, with a proposed capacity addition of 12,000 MTPA, is expected to be completed by September 30, 2028, followed by Phase II by September 30, 2030. The project will be financed through a mix of debt and internal accruals, with the rationale being to build a portfolio of future-ready, value-added products.