The Board of Directors of SRF has cleared capex plans of Rs 676 crore spread across three green-field projects.

As per the approved investment plans, SRF will set up an aluminium foil manufacturing facility at Jaitapur, Indore district of Madhya Pradesh at a cost of Rs 425 crore. The project is expected to be completed in twenty months.

The Board has approved setting up of a new pharma intermediates plant at its chemical complex in Dahej, Gujarat at an estimated cost of Rs 190 crore to further augment its pharma manufacturing capability to tap into new and upcoming business opportunities in the Pharma vertical.

The Board has also approved the setting up of a dedicated facility to produce 300 million tpa of a key agrochemical product at its chemical complex in Dahej, at an estimated cost of Rs 61 crore.