SRF Limited has informed the Exchange about Capacity addition
SRF · price
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SRF Limited's Board has approved a Rs. 250 Crore capital expenditure project to set up a new agrochemical production facility at Dahej, Gujarat. The existing capacity is marked as 'Not Applicable', indicating this is a brand-new (greenfield) plant rather than an expansion of an existing unit. The project will be funded through a mix of debt and internal accruals and is targeted for completion within 18 months. The rationale given by the company is to meet growing customer demand in the agrochemicals segment, where SRF is looking to deepen its presence beyond its existing chemicals and packaging businesses.
This is a moderate, growth-oriented capex announcement and is unlikely to materially impact the stock on day one, but it signals SRF's continued push into high-value agrochemicals, which could support future revenue diversification and earnings growth once the plant is operational in about 1.5 years.