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SRF gains on receiving nod for three investment proposals worth Rs 394 crore

07 Aug 2015 Evaluate

SRF is currently trading at Rs. 1455.00, up by 10.05 points or 0.70% from its previous closing of Rs. 1444.95 on the BSE.

The scrip opened at Rs. 1467.90 and has touched a high and low of Rs. 1486.00 and Rs. 1444.30 respectively. So far 14580 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1495.55 on 05-Aug-2015 and a 52 week low of Rs. 598.00 on 08-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1495.55 and Rs. 1367.00 respectively. The current market cap of the company is Rs. 8296.98 crore.

The promoters holding in the company stood at 52.38% while Institutions and Non-Institutions held 28.07% and 19.55% respectively.

SRF has received an approval for three investment proposal worth Rs 394 crore. The board of directors at their meeting held on August 06, 2015 has approved for the same. The first investment approval is for setting up of a new greenfield packaging film line in the Domestic Tariff Area, Indore at an estimated cost of Rs 356 crore.

The second approval is for setting up of R-134a Pharma Grade Manufacturing and Filling facility as per cGMP requirement at Dahej, Gujarat at an estimated cost of Rs 26 crore. The third investment approval is for converting the HFC 134a plant at Bhiwadi into a swing plant to produce both HFC 134a and HFC 32 at an estimated cost of Rs 12 crore.

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.


SRF Share Price

2780.75 8.85 (0.32%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 4035.90
Tata Chemicals 782.10
SRF 2780.75
Pidilite Inds. 1476.15
Deepak Nitrite 1875.25
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