SRF zooms on getting nod to setup facility to produce agro, pharma intermediates at Dahej
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SRF is currently trading at Rs. 2387.90, up by 97.45 points or 4.25% from its previous closing of Rs. 2290.45 on the BSE.
The scrip opened at Rs. 2313.00 and has touched a high and low of Rs. 2405.20 and Rs. 2304.30 respectively. So far 22929 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2773.00 on 08-Apr-2022 and a 52 week low of Rs. 1514.82 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 2409.00 and Rs. 2263.55 respectively. The current market cap of the company is Rs. 70802.55 crore.
The promoters holding in the company stood at 50.73%, while Institutions and Non-Institutions held 28.58% and 20.69% respectively.
SRF’s board has approved project to setup a new and dedicated facility to produce agro and pharma intermediates at Dahej at a cost of Rs 72 crore with an additional capacity of 915 MTPA. This project shall be financed through a mix of debt and internal accruals. The objective is to meet the demand of the customers. The Board of Directors at its meeting held on July 21, 2022 has approved the same.
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.
