SRF has received an approval for setting up of an integrated facility for HFC 125, HFC 32 and HFC-134a & AHF at an estimated cost of Rs 356 crore. The board of directors at its meeting held on November 9, 2017 approved for the same.
The financing will be mix of debts and internal accruals. The proposed capacity addition is 17000 TPA of HFCs. The new capacity is expected to be added by March 2019 (18 months).
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.
