SRF rose 1.21% to Rs 3858.95 after the company said its European subsidiary commissioned a BOPET film line in Hungary on 3 August 2020.
The cost of the said project is approximate 80 million euros, the company said in a BSE filing made after trading hours yesterday. The project was approved by the company's board on 7 February 2018.
On a consolidated basis, the company's net profit declined 6.4% to Rs 177.09 crore on a 12.6% fall in net sales to Rs 1513.12 crore in Q1 FY21 over Q1 FY20.
SRF, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app