SRF Limited has received board approval for an investment of ₹600 crore to establish a new aluminium foil manufacturing plant in Madhya Pradesh. The project will be executed by its wholly owned subsidiary, SRF Altech Limited, targeting the growing Energy Storage and Electric Vehicle (EV) sectors.

The new facility will be located at the existing site of the subsidiary in Jetapur, Madhya Pradesh. The project is structured in two phases, with each phase requiring an investment of ₹300 crore. Phase I is scheduled for completion by September 30, 2028, while Phase II is targeted for completion by September 30, 2030.

Project specifics and capacity addition

The primary objective of this capital expenditure is to build a portfolio of future-ready value-added products, specifically battery foil. This move positions SRF to capture opportunities arising from the shift towards electric mobility and energy storage solutions in India.

The following table summarises the key parameters of the approved project:

Strategic rationale

The board's approval underscores SRF's commitment to scaling its packaging films and foil business segment into high-growth verticals. By leveraging its existing manufacturing footprint in Madhya Pradesh, the company aims to efficiently deploy capital while addressing the specific technical requirements of battery-grade aluminium foil.

The phased approach allows for a structured rollout of production capacity, aligning supply capabilities with anticipated demand growth in the EV and energy storage markets. The financing strategy, combining debt and internal accruals, reflects a balanced approach to funding this significant expansion without solely relying on external borrowing.

SRF Limited appointed Jyothsana Vasudevan as President and Chief Human Resources Officer (CHRO) with effect from October 5, 2026. The appointment was approved by the Board of Directors via a resolution passed by circulation on October 1, 2026.

Appointment details and regulatory compliance

The move follows the recommendation of the Nomination and Remuneration Committee. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vasudevan joins as Senior Management Personnel on a whole-time employment basis.

Professional background

Vasudevan, aged 47, possesses over 24 years of experience in Human Resources. Her career spans leadership roles in renewable energy, manufacturing, technology, supply chain, shared services, and consumer durables. Prior to this appointment, she served as Senior Vice President and Head of HR at Avaada Manufacturing, a company involved in solar cells, modules, and glass manufacturing.

Her expertise includes developing HR strategies for rapidly growing organizations, redesigning operating models, and strengthening people-process governance. At Avaada, she focused on building HR frameworks for IPO readiness and structural transformation.

Education and recognition

Vasudevan holds a Master's degree in Human Resources from Indraprastha University, Delhi, where she graduated with a Gold Medal. She is a co-author of a UN Gender Compact award-winning whitepaper on Women at Workplace and serves as a pro-bono HR Advisor to Brooke India, a UK-based NGO.

Key appointment parameters

The company confirmed that there are no relationships between directors relevant to this appointment.