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S&P
BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
503806
Company
SRF LTD.
Exchange Received Time
04/11/2019 17:10:47
Exchange Disseminated Time
04/11/2019 17:10:54
Time Taken
00:00:07
Capital Expenditure Proposal Approved By The Board |
11/04/19 17:10
In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on November 4, 2019 has approved capital expenditure proposal for capacity enhancement cum modernization of TCF value chain at an estimated cost of Rs. 125 Crores. This is an enhancement of the capex of Rs. 81.58 Crores approved by the Board at its meeting held on February 4, 2019, to cater to the customer requirements from India as the technical textiles business operations of SRF Industries (Thailand) Ltd. have been shut down due to economic unviability.
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