SRF’s total revenue increased by 41 per cent in the first nine months of the current financial year.
Established in 1970, SRF is a chemical-based multi-business entity engaged in production of industrial and specialty intermediates. The company’s diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering plastics. Anchored by a strong workforce of more than 6,300 employees working across 12 manufacturing plants in India, two in Thailand and one in South Africa, the company exports to more than 70 countries.
SRF continues to maintain its market leadership in nylon tyre cord fabric, which is expected to remain a key business in the segment and a generator of steady cash flow. Other sub-segments of technical textiles have started contributing to its performance. Also, the improving macro-economic environment is expected to have a positive impact on the belting fabric segment. In the coated fabrics business, SRF continues to maintain its domestic market leadership. In laminated fabrics, the company has reported consistent sales in hot laminations. It has successfully commercialized two new products during the current year.
The company proposes to install additional spinning and textile capacity at Manali and Gwalior at Rs 80 crores to be incurred over the next three years.
