SRF jumps on getting nod for production of range of Specialty Fluoropolymers at Dahej
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SRF is currently trading at Rs. 2188.00, up by 43.25 points or 2.02% from its previous closing of Rs. 2144.75 on the BSE.
The scrip opened at Rs. 2190.00 and has touched a high and low of Rs. 2235.25 and Rs. 2172.70 respectively. So far 27345 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2864.35 on 14-Sep-2022 and a 52 week low of Rs. 2002.50 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2235.25 and Rs. 2082.15 respectively. The current market cap of the company is Rs. 64850.34 crore.
The promoters holding in the company stood at 50.53%, while Institutions and Non-Institutions held 33.17% and 16.30% respectively.
SRF has received an approval from the Board for a project for production of a range of Specialty Fluoropolymers at Dahej at a projected cost of Rs 595 crore. The project is expected to be commissioned in 24 months.
The Board has also approved a project for setting up a new and dedicated facility to produce an agrochemical intermediate at Dahej at a projected cost of Rs 110 crore to meet the growing demand for the product in the future. This project is expected to be commissioned in ten months.
In addition, to cater to the growing requirements of new and upcoming plants at Dahej, the Board has approved a project to create a structure for a new plant building at a projected cost of Rs 40 crore.
SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.
