In order to expand its footprint, leading manufacturer of technical textiles, chemicals and polymers SRF is planning to invest Rs 345 crore. In this regard, the company’s board approved two separate capex proposals. One proposal pertains to setting up of a multi-purpose plant for speciality chemicals at an estimated cost of Rs 180 crore and the second one is for chloromethane plant at an estimated cost of Rs 165 crore at its chemical complex at Dahej in Gujarat.
The new multi-purpose plant is expected to further augment SRF’s capability to develop and commercialise new molecules for agrochemicals and pharmaceutical sectors. The second project aims to double the company’s capacity for chloromethanes to 80,000 tonnes per annum. The existing plant is in Bhiwadi, Rajasthan.
The new chloromethane plant will enable SRF to meet the growing needs of its pharma customers for methylene dichloride and will strengthen its foothold in the Indian market.
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.
