SRF Greenlights Rs 490 Cr BOPP Film Expansion! 📈

Hey there, finance enthusiasts! 👋 Big news from SRF Limited that’s got the market buzzing. The company’s Board of Directors just gave the green light to a significant capital expenditure project, signaling strong growth ambitions.

SRF is set to invest a whopping Rs 490 Crores to establish a new manufacturing facility for BOPP Film in Indore, Madhya Pradesh. This isn’t just any expansion; it’s a strategic move to ramp up their production capabilities.

Why the big investment? Well, SRF’s existing BOPP Film capacity of 110,000 MTPA is currently running at a full 100% utilization! Talk about high demand! This new project will add an impressive 60,000 MTPA to their nameplate capacity, effectively boosting their total capacity by over 50%. That’s a massive jump designed to meet the ever-growing customer demand.

The company expects to bring this new capacity online within 24 months. Funding for this substantial project will be a mix of debt and internal accruals, a common and prudent approach for such expansions.

This move underscores SRF’s commitment to strengthening its position in the BOPP Film market and catering to its customer base more effectively. It’s definitely a development to keep an eye on! 🚀

source: Corporate Announcement

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