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SRF Q4 Results: Net profit rises 11% to Rs 582 crore; to invest Rs 2,300 cr on new plant in Odisha
Chemical firm SRF Ltd on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 582.02 crore for the quarter ended March and announced plans to invest Rs 2,300 crore to set up a plant in Odisha.
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Indore News: Japan Team Inspects JICA-Funded Power Projects
An international delegation from JICA inspected JICA-II funded projects of Madhya Pradesh Power Transmission Company in Indore and Pithampur. Evaluator Hisae Takahashi and JICA’s India representative Kunal Gupta reviewed a 315 MVA transformer at the 400 kV substation and the 132 kV Manglia–South Zone line. Industrial units, including SRF Limited, reported improved power stability.
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Govt okays ₹5,500 cr electronics projects
New Delhi: The government has approved seven projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme, Union Electronics and IT Minister Ashwini Vaishnaw said on Monday.The minister said the production of electronics components from the approved projects is likely to reduce the import bill of around Rs 20,000 crore."Seven plants under electronics components have been approved. In the coming days, many more projects will be approved. We expect these projects to reduce the import bill by around Rs 20,000 crore," Vaishnaw said.The minister said that proposals for the manufacturing of multi-layer printed circuit boards or motherboard base, camera modules, copper laminates, and polypropylene films (used in capacitors for consumer electronics) have been approved.Approvals have been granted for four projects from the Kaynes Group, and one project each from Syrma Group, Ascent Circuits of Amber Group, and SRF Limited.Kaynes' four projects at an investment of Rs 3,280 crore comprise the production of multi-layer PCBs worth Rs 4,300 crore, camera module sub-assembly worth Rs 12,630 crore and HDI (High-Density Interconnect) PCBs worth Rs 6,875 crore.The Ascent Circuits project, entailing Rs 991 crore investment, is likely to produce multi-layer PCB worth Rs 7,847 crore, Syrma Strategic Electronics' Rs 765 crore investment would make multi-layer PCB worth Rs 6,933 crore, and SRF Limited's investment proposal of Rs 496 crore is estimated to produce polypropylene film worth Rs 1,311 crore.This is the first time camera modules will be made in India without the support of a foreign technology partner.
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Odisha Clears Rs 25,380-cr Investment Proposals; 27 New Projects To Create 52,000 Jobs
… a move expected to bring investments worth Rs 25,380 crore … and Rayagada. Among the major investments , SRF Limited will set up … Carbon Ashok Pvt Ltd will invest Rs5,806 crore in … Gediapalli, and Santrapur with an investment of Rs2,096 crore. Officials …
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CM Mohan Charan Majhi lays foundation for SRF's Rs 10,000 crore chemical unit in Ganjam, creating 20,000 jobs
Chief Minister Mohan Charan Majhi inaugurated SRF Limited's chemical unit in Ganjam district via video conferencing. SRF will invest Rs 10,000 crore to establish the unit at Gopalpur Industrial Park, creating 20,000 jobs. The unit will produce various chemicals, boosting socio-economic activities in the region and marking SRF as a major investor.
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Odisha CM lays foundation stone for chemical unit in Ganjam district
Chief Minister Mohan Charan Majhi virtually inaugurated the foundation stone for SRF Limited's new chemical unit in Ganjam, Odisha. SRF will invest ₹10,000 crore in the Gopalpur Industrial Park, creating approximately 20,000 jobs. The unit will produce essential chemicals for various industries. Berhampur MLA K Anil Kumar highlighted the project's potential to boost socio-economic growth in the region.
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Trading Radar For August 20: Nazara Tech, HAL, Lloyds Metals, NTPC Green, UltraTech Cement Are On Stocks Watchlist
Keep an eye on developments from the India-China talks ahead of the SCO summit
Stocktwits
US Chemours to gain access to fluoropolymer capacities in India
HOUSTON (ICIS)--Chemours has signed strategic agreements with India’s SRF Limited (SRF) under which it will get access to fluoropolymers and fluoroelastomers capacities in India, the US-based...
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Chemours and SRF Limited Announce Strategic Agreements in India to Support Market Needs for Essential Applications by 2026 | CC Stock News
Chemours partners with SRF Limited to strengthen global fluoropolymer supply chain. Agreement covers semiconductor, automotive, and aerospace materials with no upfront capital investment.
cityfalcon.com
India’s SRF plans BOPP, agrochemical plants
MUMBAI (ICIS)--India’s SRF Ltd plans to build new plants that will produce biaxially oriented polypropylene (BOPP) films and agrochemicals. The new BOPP facility, which will be set up at SRF’s...
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