Announced Wed, 22 Jul · 14:57 IST
SRF board approves Rs 250 Cr capex for new BOPET thick film line
Capex & Operations View source PDF
SRF · price
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Price reaction · full curve 14 horizons · vs prior close
-11.1%1-day move
₹2951.00
prior close
₹2873.40
base price
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+0.9-0.3-1.0-1.6-11.1-9.6-10.6———————
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AI summary
SRF board approved setting up a BOPET thick film line with capacity of 25,000 MTPA at a projected cost of Rs 250 Crores. The project will be completed within 24 months and funded through a mix of debt and internal accruals. BOPET thick film is a specialized product for industrial and electronic end use, helping diversify away from commodity thin films and reduce cyclicality, with limited domestic capacity in India.
Likely market impact
Modest capex for a new specialized line; positive for growth and diversification, limited near-term stock impact given size relative to the company.