SRF is planning to set up a Greenfield biaxially-oriented polyethylene terephthalate (BOPET) plant at Indore, Madhya Pradesh (MP) at an estimated cost of US$58 mln, as per money.livemint.com. The proposed investment will be backed by International Finance Corporation (IFC). The proposed facility is set to have a capacity of 30,000 tpa and a metallization capacity of 8,000 tpa.
Of the total investment, World Bank's investment arm IFC is considering financing up to US$40 mln. The balance will be financed by the company’s contribution. The project aims to create 100 direct jobs and similar number of indirect jobs in ancillary units and supply chain. SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand
09-Feb-16 
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