SRF plans Rs 269 cr capex to set up BOPP plant in Indore

SRF Ltd is planning to build a bi-axially oriented polypropylene (BOPP) film line and metalliser at Indore to meet the growing demand for packaging films from its customers.
 
“The board of directors of SRF Ltd on May 10, 2016 has approved setting up of a bi-axially oriented polypropylene (BOPP) film line and metalliser in existing packaging film business domestic tariff area campus at Indore at an estimated cost of Rs 269 crores,” said SRF in a BSE filing.
 
The capacity of the proposed plant will be 35,000 MT. The company indends to finish the capacity expansion activity in 23 months. With this, SRF is aiming to become one-stop stop solution provider for packaging film customers.