SRF gains on commissioning new BOPET film line in Hungary

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.

 

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