SRF board approves Rs 600 Cr capex for battery aluminium foil facility

Capex & Operations View source PDF Explain this filing

SRF · price

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Price reactionminutes from the announcement price · days from the prior close

-5.2%Reaction day

₹2432.00

prior close

₹2268.30

announcement price

In-mkt

timing

Nifty Midcap 150market-1.4%-3.8% vs market

Specialty Chemicals peers, median of 100sector-3.3%-1.9% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Midcap 150 and 1.9 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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+2.2

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+1.3

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+1.1

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.2-1.4-3.8-3.3-1.9

Next day

-4.2-2.2-2.0-4.3+0.2

-5.0-4.2-0.8-7.0+2.0

-3.8-3.2-0.6-6.6+2.8

-4.0-2.3-1.7-5.5+1.5

-3.4-2.0-1.4-5.3+1.9

-4.0pendingpending-7.2+3.3

15d

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UpDownMarket · Nifty Midcap 150Sector · Specialty Chemicals peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SRF board approved Rs 600 Cr capex to set up an aluminium foil manufacturing facility for battery applications. To be built by wholly owned subsidiary SRF Altech Limited at its existing Jetapur, Madhya Pradesh site. Adding 12,000 MTPA capacity in two Rs 300 Cr phases, completing by September 2028 and September 2030. Funded via debt and internal accruals, targeting Energy Storage and EV sectors.

Likely market impact

Phased Rs 600 Cr capex into EV and Energy Storage value chain via subsidiary. Positive long-term growth signal, near-term cash flows moderated by phased spend.