SRF Approves ₹250 Crore Investment to Set Up Specialized BOPET Thick Film Production Line
SRF Limited has approved a capital expenditure of ₹250 crore to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) Thick Film production line in India. The investment, approved by the company’s Board of Directors on July 22, 2026, is aimed at expanding SRF’s presence in high-value specialty film products used across industrial and electronic applications.
The project represents another strategic step in SRF’s long-term growth plan, focusing on specialized products with higher margins and lower business cyclicality.
SRF to Add 25,000 MTPA BOPET Thick Film Capacity
The proposed facility will add 25,000 metric tonnes per annum (MTPA) of BOPET Thick Film production capacity.
Unlike conventional thin films, BOPET thick films are designed for specialized industrial and electronic applications, where demand is driven by performance, quality, and technical specifications rather than commodity pricing.
The capacity expansion is expected to strengthen SRF’s leadership in the performance films segment while diversifying its product portfolio.
Key Project Highlights
- Investment: ₹250 crore
- Capacity Addition: 25,000 MTPA
- Product: BOPET Thick Film
- Board Approval Date: July 22, 2026
- Expected Completion: Within 24 months
- Funding: Combination of debt and internal accruals
The project will be implemented over the next two years and is expected to commence commercial production after completion.
Focus on High-Value Specialty Films
The new production line is intended to serve high-growth sectors requiring specialized polyester films, including:
- Electrical and electronics
- Industrial applications
- High-performance packaging
- Technical laminates
- Specialty engineering products
These products generally offer higher value addition and more stable demand compared to commodity-grade films.
Strategic Rationale Behind the Investment
SRF believes the investment will strengthen its long-term competitiveness by expanding its presence in niche film categories.
The key objectives of the project include:
- Diversifying into higher-value specialty products
- Reducing exposure to commodity film market cycles
- Expanding production capacity
- Meeting growing domestic demand
- Leveraging limited domestic manufacturing capacity for BOPET thick films
With relatively few domestic manufacturers operating in this segment, SRF expects the investment to support more stable revenues and improved profitability over the long term.
Financing Plan
The ₹250 crore project will be financed through a balanced mix of:
- Internal accruals
- Debt financing
This approach allows the company to fund its expansion while maintaining financial flexibility and supporting future growth initiatives.
Strengthening the Performance Films Business
The investment further reinforces SRF’s commitment to expanding its Performance Films Business, one of the company’s fastest-growing segments.
By increasing capacity in specialty films, SRF aims to:
- Improve product mix
- Enhance operating margins
- Serve emerging industrial applications
- Strengthen its leadership in value-added film products
- Capture new domestic and export opportunities
The expansion aligns with the company’s strategy of investing in technology-driven, high-margin businesses.