SRF gets nod for capital expenditure worth Rs 91 crore

SRF has received an approval for capital expenditure proposals worth Rs 91 crore of the company. The board of directors at their meeting held on February 10, 2015 have approved for the same.

The board approved capex of approximately Rs 25 crore for enhancing the R&D capability of the chemical business at Bhiwadi, Rajasthan. It has also approved capex of approximately Rs 66 crore for modernization of Technical Textile Plant at Gwalior, Madhya Pradesh.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.