Fourth generation refrigeration plant at Dahej or some other region determined suitable by the company and BOPP – BOPE Film (which include Metallizer) at Indore
The Board of Directors of SRF Limited at its meeting hung on 22 October 2024 has accredited two initiatives – fourth era refrigeration plant and BOPP – BOPE Film (consisting of Metallizer) at Indore.
The total investment in the venture is round Rs. 1,545 crore. The Board has approved a venture for putting in new facilities to fabricate fourth generation refrigerants at Dahej, Gujarat or every other location found suitable by way of the employer at an predicted value of round Rs. 1,100 crores. The mode of financing might be internal accruals and borrowings.
These centers goal to satisfy the future requirements of refrigerants with a appreciably decrease global warming potential (GWP) and assist in lowering carbon footprint. The plant is anticipated to be capitalised and commissioned in approximately 30 months.
The Board of Directors has authorized another task for setting up a manufacturing facility for BOPP – BOPE Film (together with Metallizer) in Indore.
The proposed capability addition is 60,000 MTPA (Nameplate) on BOPP at the capacity is to be brought in 25 months. The investment is to the song of Rs. 445 crores and the mode of financing is a mix of debt and inner accruals.
The motive of this assignment is to explore enlargement in commercial enterprise adjacencies. This assignment presents the organization with an opportunity to enlarge its current substrate, BOPP, and task into a new substrate, BOPE. Additionally, it aligns with the sustainability agenda, as polyolefin substrates like BOPP/BOPE are taken into consideration more sustainable because of their mono-own family advantage and simplicity of recyclability.
