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SRF to set up second line BOP facility
Special Correspondent
NEW DELHI: SRF, a market leader in the tyre cord business and refrigerant gases, plans to invest Rs. 257 crore in two separate projects. Approved by the company’s board on Monday, the first project entails the setting up of a second line of biaxially oriented polyester (BOP) films with a capacity of 27,000 tonnes at an estimated cost of Rs. 165 crore.
The project, according to a company statement, is being taken up in view of the excellent growth opportunities in packaging films business. On implementation, the capacity will increase to 55,000 tonnes.
The second project pertains to the setting up of a 15 MW wind energy unit to produce ‘green power’ in Tamil Nadu at an investment of Rs. 92 crore. The wind energy plant will meet the captive power requirements of SRF’s three units in the State under its technical textiles business (TTB).
To be implemented as a ‘clean development mechanism’ (CDM) project, it is expected to be commissioned by March next year.
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