SRF Limited, a multi-business chemicals conglomerate, has taken a significant step towards expanding its chemicals business operations. The company has entered into a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL) for a land acquisition deal valued at approximately Rs 282.00 crore, excluding taxes.

The land acquisition will support SRF Limited’s Chemicals Business in setting up new projects. As per the agreement, the company will carry out due diligence on the land before entering into a definitive sub-lease with TSSEZL, subject to fulfillment of payment obligations within a specified timeframe.