Sensex

Sunday, February 27, 2011

SRF Ltd: Outcome of Board Meeting

SRF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2011 have approved the following capital expenditure proposals:

1. Investment in a Biaxially Oriented Polypropylene (BOPP) Film Line (25500 TPA) and Metalizer (5400 TPA) in South Africa at a cost of US$55 million equivalent to Rs. 250 crores (appx);

2. Setting up of HFC -134a/125 plant at Dahej (15000 TPA HFC and 20000 TPA AHF) at a cost of Rs. 365 crores; and

3. Enhancing capacity of Captive Power Plant to 14 MW and utilities at Dahej at a cost of Rs. 50 crores.

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