SRF Ltd. shares climbed 3% following the successful commissioning and capitalization of its new agrochemical intermediate manufacturing facility at Dahej, Gujarat. The project, completed at a total cost of ₹239 crore, strengthens SRF’s footprint in the specialty chemicals segment.
The capital expenditure project, initially approved by the Board in October 2023, was rolled out in two phases. The first phase was commissioned on July 31, 2024, at a cost of ₹190 crore. As per SRF’s regulatory filing dated April 10, 2025, the final phase has now been completed, slightly exceeding the original budget estimate of ₹235 crore.
The new facility enhances SRF’s production capabilities in agrochemical intermediates—an area with rising global demand—aligning with the company’s long-term strategy to expand its chemical value chain. This expansion is expected to not only boost revenue from high-margin specialty chemicals but also improve operational efficiency.
SRF Limited opened at ₹2,838.70 today, hitting a high of ₹2,841.60 and a low of ₹2,808.65. The stock is currently trading between its 52-week high of ₹3,054.90 and low of ₹2,089.10.
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