The Board of Directors of SRF has approved the capital expenditure plan. It has given approval for setting up a second BOPP film line and metallizer at Indore in Madhya Pradesh, either directly or through a wholly-owned subsidiary.
The existing capacity is 45,000 tpa and the proposed capacity addition is 60,000 tpa. The existing capacity utilisation is on 100 percent product mix basis.
The proposed capacity will be added in 20 months at a cost of Rs 424 crore which will be financed through a mix of debt and internal accruals.