SRF Limited Announces US$ 63.35 Million Aluminium Foil Plant in Madhya Pradesh for Battery Applications
- IBEF
- October 22, 2026
SRF Limited has received board approval for a proposed aluminium foil manufacturing facility in Madhya Pradesh, with an estimated project cost of approximately Rs. 600 crore (US$ 63.35 million). According to the company’s regulatory filing, the plant will manufacture aluminium foil for lithium-ion and sodium-ion batteries used in energy storage and electric vehicles (EVs). The facility will be established and operated by wholly owned subsidiary SRF Altech Ltd at its existing site in Jetapur, Madhya Pradesh. With a total capacity of approximately 12,000 metric tonnes per annum, the plant will be implemented in two phases of Rs. 300 crore (US$ 31.68 million) each. The first phase is slated for completion by September 30, 2028, and the second by September 30, 2030.
SRF Limited also reported a 31% year-on-year (YoY) rise in consolidated net profit to Rs. 509 crore (US$ 53.74 million) for the second quarter of FY27. Operational revenue for the quarter increased 35% to Rs. 4,904 crore (US$ 517.80 million). Operational earnings before interest and tax (EBIT) rose 26% to Rs. 816 crore (US$ 86.16 million). Revenue from the performance films and foil business grew 51% to Rs. 2,122 crore (US$ 224.06 million), while technical textiles recorded 25% growth to Rs. 595 crore (US$ 62.82 million). Chairman and Managing Director of SRF Limited Mr. Ashish Bharat Ram stated that the businesses delivered a strong performance despite an uncertain global environment. Capex investments in sunrise sectors are positioning the company well for the future.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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