SRF Limited, a multi-business chemicals conglomerate has said that its board has approved to set up the new manufacturing facility under SRF Altech Limited, a wholly owned subsidiary of the company. The facility will manufacture aluminium foil at an estimated cost of Rs 530 crore. Earlier the company had estimated the cost for the project to be Rs 425 crore.
It also said that the cost of the project will likely to increase to Rs 530 crore due to various reasons including changes in machine configuration to increase output, product portfolio and quality, along with increase in civil and preoperative expenses.
The shares of SRF trading at Rs 2,598.00, 0.41% higher from previous close of Rs 2,587.40 on NSE at 9.52 AM.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
