SRF Limited has made a regulatory disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30, regarding a capital expenditure approval by its Board of Directors.
The Board meeting held on October 21, 2026 approved a project for setting up a manufacturing facility for production of aluminum foil for battery applications. This project is designed to capture growing opportunities in the Energy Storage and EV sectors in India.
The project will be implemented by SRF Altech Limited, a wholly owned subsidiary of SRF Limited, at its existing site at Jetapur in the state of Madhya Pradesh.
Project Details
- Total Project Cost: ₹600 Crores
- Implementation Phases: Two phases of ₹300 Crores each
- Proposed Capacity Addition: 12,000 MTPA (Metric Tons Per Annum)
- Implementation Timeline:
- Phase I: To be completed by September 30, 2028
- Phase II: To be completed by September 30, 2030
- Mode of Financing: Mix of debt and internal accruals
- Rationale: To build a portfolio of future-ready value-added products such as battery foil for Energy Storage and EV sectors
Additional Information
The facility represents new capacity creation (not applicable existing capacity or utilization). The document was signed by Rajat Lakhanpal, Sr. VP (Corporate Compliance) & Company Secretary of SRF Limited.