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SRF Ltd.

BSE: 503806 Sector: Industrials
NSE: SRF ISIN Code: INE647A01010
BSE 00:00 | 23 Jul 7903.95 -0.70
(-0.01%)
OPEN

7890.00

HIGH

7958.55

LOW

7879.75

NSE 00:00 | 23 Jul 7901.90 -5.30
(-0.07%)
OPEN

7929.00

HIGH

7969.00

LOW

7875.00

OPEN 7890.00
PREVIOUS CLOSE 7904.65
VOLUME 3050
52-Week high 7958.55
52-Week low 3723.90
P/E 50.62
Mkt Cap.(Rs cr) 46,831
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7890.00
CLOSE 7904.65
VOLUME 3050
52-Week high 7958.55
52-Week low 3723.90
P/E 50.62
Mkt Cap.(Rs cr) 46,831
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

SRF Ltd. (SRF) - Company History

SRF Limited is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers Technical Textiles Fluorochemicals Specialty Chemicals Packaging Films and Engineering Plastics. The company has twelve manufacturing plants in India two in Thailand and one in South Africa. The company exports its products to more than 75 countries.SRF Limited (SRF) was incorporated on 9th January 1970 under the name of Shriram Fibres Ltd. The commencement of Nylon Tyre Cord Fabric Plant at Manali Chennai was made by the company in the year of 1974 also introduced Fishnet Twines and Nylon Engineering Plastics in the same location during the year 1977 and 1979 respectively. During the year 1983 and 1986 the company commissioned Industrial Fabrics Plant and Coated Fabrics project respectively at Tiruchirapalli. In the identical year of 1986 SRF Finance Ltd was started its operations. In 1989 SRF had commissioned commercial production of fluorochemicals at Bhiwadi. The change in the name was made in the year 1990; the name of the company was changed from Shriram Fibres Limited to the present name SRF Limited. Total Quality Management (TQM) practice was adopted by the company in wide during the year 1993 itself. In the period of 1995 SRF took over the nylon tyre Cord plant of Ceat at Gwalior and also started Chloromethane production at Bhiwadi. The first overseas presence was made in the year 1996 by the way of formed operation plant in Dubai. The company divested SRF Finance Ltd to GE Capital in 1997 and acquired Tyre Cord Fabric conversion facility of Dupont at Gummidipoondi Chennai during the year 2000. In 2001 SRF became one of the top ten suppliers of nylon tyre cord in the world and also commenced operations of SRF E-Biz an e- procurement business. The Company's Polyester Films Fishnet Twines and Engineering Plastics businesses spun off as a separate entity in the year 2002 under the name of SRF Polymers Ltd. Flurochemicals Business of the company at Bhiwadi awarded the prestigious OHSAS 18000 and SA 8000 certification for practicing environment safety in the period of 2003. During the year 2004 SRF had unlocked the Packaging Film Plant at Indore and Pharma Chemicals Business at Bhiwadi. Also in the identical year of 2004 Deming Application Prize awarded to the Industrial Synthetics Business. SRF became one of the top 3 manufacturers of belting fabrics in the world during the year 2005. The Captive Power Project at the company's Chemical Business Jhiwana had commissioned and capitalized in April of the year 2006. The project of holographic film plant of the company had commissioned in December of the year 2007 at an investment of approximately Rs. 10 crore. The product from this plant is used for luxury packaging segments. SRF has acquired two foreign companies during 2008 one in Thailand and the other one in South Africa. Thai based Thai Baroda Industries Limited (TBIL) is a tyre cord company and South Africa based Industex Technical Textiles (Pty) Limited is a manufacturer of belting fabrics. In 2012 SRF commissioned chemical complex at Dahej Gujarat. With a vision of becoming a credible global player in the Fluorochemicals business space SRF acquired the Dymel HFC 134a regulated medical pharmaceutical propellant business from DuPont in January 2015.On 1 April 2016 SRF announced that its Board of Directors has approved an investment proposal for setting up of a pilot plant to manufacture next generation refrigerant gas HFO 1234yf.The breakthrough initiative will make SRF the first technology developer outside US and Europe for manufacture of HFO 1234yf which is expected to find increasing use in car air-conditioning systems globally in future. The Board of Directors of SRF in tune with the company's strategic intent of expanding its chemicals business approved two separate capex proposals aggregating Rs 345 crore at its meeting held on 8 August 2016. One of the proposals pertains to setting up a Multi-Purpose Plant for specialty chemicals at an estimated cost of Rs. 180 crore and the second one for Chloromethane (CMS) plant at an estimated cost of Rs. 165 crore in its Chemical Complex at Dahej in Gujarat. The second project that got approved in the Board aims to double SRF's capacity for Chloromethanes to 80000 tonnes per annum. On 2 November 2017 SRF Limited announced that it has reached a definitive agreement to acquire the HFC-125 assets from a global leader in the development manufacture and supply of fluoroproducts. Under the agreement SRF will own the HFC-125 assets and the technical know-how on an exclusive basis. The company plans to relocate the assets to India and set up the facility for manufacturing HFC-125 at its Chemical Complex in Dahej Gujarat. With this acquisition the company will gain the unique advantage of manufacturing all three major HFCs namely HFC 134a 32 and 125 which will be marketed under the company's FLORON brand.On 9 July 2018 SRF Limited announced the setting up of a second Bi-axially Oriented Polyethylene Terephthalate (BOPET) film line and a Resin plant in Thailand at an investment of approximately US$ 60 million. This new plant will be put up at the company's existing manufacturing location in Rayong Thailand by its wholly owned subsidiary - SRF Industries (Thailand) Limited and is expected to become operational in close to two years. Once operational the new line will be capable of producing approximately 40000 metric tonnes per annum. With this capacity addition the company will further strengthen its presence in the buoyant South East Asian region and expand its customer base in new geographies.

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