SRF has received an approval for setting-up of third multipurpose plant at its Chemical Complex at Dahej in state of Gujarat at an estimated cost of Rs 180 crore. The board of directors at its meeting held on August 8, 2016 has approved for the same.
The company was reportedly planning to spend Rs 3,500 crore over the next four years, 70% of which would go into its fast-growing chemicals business, to cater to rising global demand.
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.
