SRF Limited’s Board of Directors has approved a significant capital expenditure of ₹600 Crores for a new manufacturing facility. This plant, to be established by wholly-owned subsidiary SRF Altech Limited at Jetapur, Madhya Pradesh, will produce Aluminium foil for battery applications. The project aims to capitalize on the growing demand in the Energy Storage and EV sectors and will be implemented in two phases.
SRF Approves Major Capital Expenditure for New Manufacturing Facility
SRF Limited has announced a significant strategic expansion with the approval of a ₹600 Crores capital expenditure project. This investment will establish a new manufacturing facility for Aluminium foil, specifically targeting battery applications. The decision, made by the Board of Directors on October 21, 2026, underscores the company’s commitment to capturing opportunities in the rapidly growing Energy Storage and Electric Vehicle (EV) sectors in India.
Project Details and Phased Implementation
The proposed facility will be set up at the existing site of SRF Altech Limited, a wholly-owned subsidiary, located in Jetapur, Madhya Pradesh. The total estimated project cost is approximately ₹600 Crores, which will be implemented in two phases. Each phase is projected to cost ₹300 Crores. The first phase is expected to add a capacity of 12000 MTPA and is slated for completion by September 30, 2028. The second phase will follow, with completion targeted by September 30, 2030.
Strategic Rationale for Expansion
The rationale behind this substantial investment is to build a portfolio of future-ready, value-added products. The company aims to cater to the increasing demand for specialized materials like battery foil, essential for the Energy Storage and EV industries. The project’s financing will be a mix of debt and internal accruals, reflecting a balanced approach to funding this strategic growth initiative.
Source: BSE
