SRF Limited’s resin plant, set-up in Thailand by its wholly-owned subsidiary has been commissioned and capitalised on November 27 at a cost of $19 million.
The company’s board had given approval in July 2018 for setting-up of a BOPET film line & Resin plant in Thailand by SRF Industries (Thailand) Ltd. (a wholly owned subsidiary of the company).
The company later informed that BOPET film line which is a part of the aforesaid project has been commissioned and capitalised on May 20, 2020.
“Resin Plant forming part of the aforesaid capital expenditure has been commissioned and capitalized on November 27, 2020 at a cost of USD 19 million (approx.),” company said in a regulatory filing on Saturday.
At around 11.26 am, SRF Ltd was trading at Rs5,127.70 per piece down by Rs7.6 or 0.15% from its previous closing of Rs5,135.30 per piece on the BSE.