SRF, a leading technical textiles-maker, has embarked upon new projects involving a total investment of around Rs 1,500 crore in the last one year which includes setting up of two overseas plants in South Africa and Thailand. The company on the back of robust growth in its business and investments is eyeing to become a $1 billion company by 2013.
SRF focus would be on ramping up these investments so that the company could get adequate returns. The company’s business, especially the packaging films and the chemicals business have performed well in the last couple of years. The company will continue to invest and grow its business and has committed capex close to Rs 1,400 crore. SRF recorded its highest-ever consolidated net profit after tax of Rs 484 crore, in the last financial year up from Rs 324 crore in the previous fiscal.
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.
| Company Name | CMP |
|---|---|
| BASF India | 3636.60 |
| Tata Chemicals | 797.90 |
| SRF | 2507.70 |
| Pidilite Inds. | 1357.25 |
| Deepak Nitrite | 1770.00 |
| View more.. | |
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