SRF rises on getting nod to expand Fluorocarbon Refrigerant Gas Capacity

SRF Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 503806 | NSE: SRF

29 Jul 2021 Evaluate

SRF is currently trading at Rs. 7827.35, up by 105.45 points or 1.37% from its previous closing of Rs. 7721.90 on the BSE.

The scrip opened at Rs. 7794.45 and has touched a high and low of Rs. 7836.35 and Rs. 7677.90 respectively. So far 3405 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8105.45 on 28-Jul-2021 and a 52 week low of Rs. 3730.00 on 30-Jul-2020.

Last one week high and low of the scrip stood at Rs. 8105.45 and Rs. 7574.10 respectively. The current market cap of the company is Rs. 45710.64 crore.

The promoters holding in the company stood at 50.77%, while Institutions and Non-Institutions held 30.29% and 18.94% respectively.

SRF’s board has approved a project for Expansion of Fluorocarbon Refrigerant Gas Capacity, with backward integration into key raw material, at Dahej at an estimated cost of Rs 550 crore which will be funded through a mix of debt and internal accruals.

The existing capacity is 50,000 MTPA and the existing capacity utilization > 80%. The proposed additional capacity is 15,000 MTPA of fluorocarbon refrigerants and certain key raw materials. The new capacity will come on stream within 24 months - by July, 2023. The expanded capacity will cater to the expected demand from the domestic and export markets. The Board of Directors at its meeting held on July 28, 2021 has approved the same.

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

2771.90 52.50 (1.93%)

07-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
BASF India	3869.00
Tata Chemicals	803.00
SRF	2771.90
Pidilite Inds.	1451.20
Deepak Nitrite	1850.00
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