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SRF Ltd. — Capital/Financing Update 2020
Jul 30, 2020
61903_rns_2020-07-30_d8e1befe-8a71-4143-bb84-b039ba37b9da.pdf
Capital/Financing Update
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The Corporate Relationship Department, BSE Limited Ist Floor , New Trading Ring Rotunda Building, P.J. Towers Dalal Street, Mumbai 400 001 Scrip Code- 503806
National Stock Exchange of India Limited “Exchange Plaza” Bandra-Kurla Complex Bandra (E) Mumbai 400 051
Scrip Code-SRF
SRF/SEC/BSE/NSE 30.07.2020
Dear Sirs,
Subject: Capital Expenditure proposal approved by the Board
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 July 30, 2020 has approved project for setting up of a Chloromethanes Plant at a cost of Rs. 315 Crores.
Information as required under the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as under:
| a) existing capacity; | 95,000 MTPA |
|---|---|
| b)existingcapacityutilization | 100% |
| c) proposed capacity addition; | 1,00,000 MTPA |
| d) period within which the proposedcapacityis to be added | 18 Months – 31.01.2022 |
| e) investment required | Rs. 315 Crores |
| f) mode of financing | Mix of debt and internal accruals |
| g) rationale | Strategic need to expand Industrial Chemicals portfolio |
Thanking you,
Yours faithfully,
For SRF LIMITED
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RAJAT LAKHANPAL VP (CORPORATE COMPLIANCE) & COMPANY SECRETARY
SRF LIMITED Block-C Sector‘45 Gurugram 122 003 Haryana lndia Tel: +91-iZA—4354400 Fax: +91-124—4354500 E-mail: info®srfrcom Website : wwwsrfrcom Regd. Office: Unit No. 236 Sr 237, 2nd Floor DLF Galleria, Mayur Plate Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091
Corporate identity No. L181010L1970PLC005197