Project Update5 May 2026, 04:22 pm
SRF Ltd Enhances Capex to ₹2,285 Cr for Refrigerant Project
AI Summary
SRF Ltd has revised its capital expenditure for the establishment of production facilities for fourth-generation refrigerants. The Board, in its meeting held on May 5, 2026, approved an enhanced capital outlay of ₹2,285 crores, up from the initial ₹1,100 crores approved on October 22, 2024, due to a revision in the project scope. The revised scope includes setting up a 20,000 MTPA Hydrofluoroolefins (HFOs) plant, a 30,000 MTPA Anhydrous Hydrogen Fluoride (AHF) plant, and developing necessary utilities and infrastructure at Gopalpur, Odisha. The project is expected to be completed by February 28, 2028, and will be financed through a mix of debt and internal accruals.
Key Highlights
- SRF Ltd increases capital expenditure to ₹2,285 crores for refrigerant project.
- Project scope includes HFOs and AHF plants in Gopalpur, Odisha.
- Project completion expected by February 28, 2028.
- Financing through debt and internal accruals.
- Investment driven by anticipated demand for HFOs and VHF.