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SRF gains as its arm gets approval to setup BOPET film line & Resin plant in Thailand

10 Jul 2018 Evaluate

SRF is currently trading at Rs. 1748.45, up by 20.85 points or 1.21% from its previous closing of Rs. 1727.60 on the BSE.

The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 1750.00 and Rs. 1739.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2443.00 on 30-Apr-2018 and a 52 week low of Rs. 1420.00 on 09-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1,750.00 and Rs. 1602.50 respectively. The current market cap of the company is Rs. 9930.33 crore.

The promoters holding in the company stood at 52.38%, while Institutions and Non-Institutions held 30.77% and 16.85% respectively.

SRF’s wholly owned subsidiary -- SRF Industries (Thailand) has received an approval for setting up of a BOPET film line & Resin plant in Thailand at a total cost of $ 60 million i.e. around Rs 410 crore. The existing capacity is 28,500 MTPA and the company has proposed additional capacity of 40,000 MTPA. The period within which the proposed capacity is to be added is September 2020. The Board of Directors of the company has approved the same.

This capacity addition will further strengthen presence in the buoyant South East Asian region and expand the customer base in new geographies. By investing further in Thailand alongside the other manufacturing facilities, the company will not only gain significant synergies but also shorten the production lead-times, further improve efficiency and ensure continued high quality standard.

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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