Petrochemical
SRF to invest Rs.424 crore on setting up 60,000 MTPA second BOPP film line at Indore
The new capacity should go on stream within 20 months
- By ICN Bureau
| November 04, 2020
The Board of Directors of SRF Ltd at its meeting held on November 04, 2020 has approved Setting up of a second BOPP Film Line & Metallizer at Indore either directly or through a wholly owned subsidiary.
The existing capacity is 45,000 MTPA and the existing capacity utilization is 100% on product mix basis. 60,000 MTPA of additional capacity is proposed at an outlay of Rs. 424 crore through mix of debt and internal accruals.
The new capacity should go on stream within 20 months.
The rationale for expansion is the growth of BOPP market both in India and overseas, need for ability to service the customer for the entire spectrum of BOPP products.
Recently its subsidiary SRF Europe Kft announced the successful commissioning of its new Bi-axially Oriented Polyethylene Terephthalate (BOPET) film manufacturing plant in Jaszfenyszaru, Hungary at a cost of Euro 80 million.
The company has also announced setting up of a new chloromethane facility to produce 1,00,000 tonnes per annum at Dahej, Gujarat at a projected cost of Rs. 315 crore.
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