SRF Limited has announced a major revision to its capital expenditure plan for its upcoming production facilities in Gopalpur, Odisha. The Board has approved an enhanced outlay of ₹2,285 crore, more than double the initial ₹1,100 crore investment approved in October 2024. The expansion focuses on scaling up production of fourth-generation refrigerants and value-added fluorochemicals, with project completion slated for February 28, 2028.
Strategic Expansion in Fluorochemicals
SRF Limited is significantly scaling up its investment in the fluorochemical sector to meet the rising global demand for next-generation refrigerants. The decision to increase the capital outlay to ₹2,285 crore reflects the company’s commitment to strengthening its integrated value chain. This investment is strategically aligned with the company’s objective of establishing a dominant footprint in the high-growth HFO and VHF markets.
Project Scope and Infrastructure
The revised project scope at the Gopalpur, Odisha site now encompasses a comprehensive production ecosystem. Key components of this infrastructure include:
- Setting up 20,000 MTPA Hydrofluoroolefins (HFOs) plants.
- Establishing a 30,000 MTPA Anhydrous Hydrogen Fluoride (AHF) plant.
- Forward integration into Value-added Hydrogen Fluoride (VHF) products.
- Development of robust utilities and supporting infrastructure.
Financial Outlook and Timeline
The company plans to fund this expansive project through a strategic mix of debt and internal accruals. With a clear roadmap, SRF expects to finalize the construction and commissioning of these facilities by February 28, 2028. This expansion is expected to enhance the company’s long-term competitive positioning within the global chemical manufacturing landscape.
Source: BSE
