SRF Board Approves ₹250 Crore Capex for BOPET Thick Film Line Expansion
SRF Limited received board approval on July 22, 2026, for a ₹250 crore capital expenditure to set up a BOPET Thick Film Line with a proposed capacity of 25,000 MTPA. The project, to be completed within 24 months, will be financed through a mix of debt and internal accruals, targeting specialized industrial and electronic end-use segments to reduce market cyclicity and leverage limited domestic capacity in India.
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SRF Limited has secured board approval for a capital expenditure of ₹250 Crores to establish a BOPET Thick Film Line. The project, sanctioned on July 22, 2026, aims to diversify the company's product portfolio into specialized industrial and electronic end-use segments. By entering this niche market, SRF intends to manage cyclicity better, as BOPET thick film does not follow the same demand cycle as commodity thin films. Limited domestic capacity in India for this substrate further presents an opportunity to reduce volatility.
The new facility will add a proposed capacity of 25,000 MTPA. The company expects to complete this capacity addition within 24 months from the date of board approval. The investment will be funded through a mix of debt and internal accruals.
Project Details
The disclosure provided key specifics regarding the expansion project:
| Parameter: | Details |
|---|---|
| Proposed Capacity Addition: | 25,000 MTPA |
| Investment Required: | ₹250 Crores |
| Implementation Timeline: | 24 months from board approval |
| Mode of Financing: | Mix of debt and internal accruals |
Strategic Rationale
The board's decision is driven by the specialized nature of BOPET thick film, which serves distinct applications in industrial and electronic sectors. Unlike commodity thin films, this new substrate offers insulation from standard market cycles. Additionally, the current scarcity of domestic capacity in India for this product is expected to contribute to reduced market volatility.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.53% | -5.51% | -3.60% | -4.14% | -16.38% | +65.84% |
How will the introduction of BOPET thick film impact SRF's overall profit margins compared to its existing commodity thin film business?
Who are the primary domestic and international competitors in the BOPET thick film market, and how will SRF differentiate its offerings?
What specific industrial and electronic end-use segments is SRF targeting, and what is the projected demand growth for these applications?
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