Capital Expenditure proposal approved by the Board
SRF · price
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SRF Ltd's Board of Directors has approved an investment of ₹88 crore for expanding its HFC (Hydrofluorocarbon) production capacity. The expansion will increase the company's total HFC capacity beyond 65,000 MTPA. The project is intended to fully utilise the company's eligible HFC production allowance earned from HCFC-22 production during 2009-10. The capex will be funded through a combination of debt and internal accruals, with completion expected within 8 months.
This ₹88 crore expansion signals SRF's commitment to growing its fluorochemicals business and better monetising its HCFC-22 production entitlements. For shareholders, this represents incremental capacity addition in a regulated HFC market, though the 8-month timeline means near-term earnings impact will be limited.