SRF Board Approves Capital Expenditure Proposal
SRF Limited has informed that the board of directors of the company at its meeting approved the project for manufacture of agrochemical intermediates and associated plants at an estimated cost of Rs 140 Crores. Detailed information is annexed below:
| existing capacity | NA |
| existing capacity utilization | NA |
| proposed capacity addition | The plant will be capable of producing multiple products |
| period within which the proposed capacity is to be added | by 30th September 2019 |
| investment required | Rs. 140 Crores |
| mode of financing | Mix of debt and internal accruals |
| rationale | The agrochemical intermediate products are showing an uptick in the demand. |
