SRF Ltd announces ₹600 crore aluminium foil manufacturing plant in Madhya

Benchmarks Nifty22,811.35-77.61FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.7 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.39 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper SRF Ltd announces ₹600 crore aluminium foil manufacturing plant in Madhya Pradesh for battery applicationsET OnlineLast Updated: Oct 21, 2026, 04:36:00 PM ISTSynopsis

SRF Ltd has secured board approval for a proposed ₹600 crore aluminium foil manufacturing facility in Madhya Pradesh. This plant will cater to aluminium foil needs for lithium-ion and sodium-ion batteries. The facility will have a capacity of approximately 12,000 metric tons per annum and will be built in two phases. The first phase is expected to be completed by September 30, 2028.

SRF Ltd on Wednesday announced its board approval for a proposed ₹600 crore aluminium foil manufacturing facility in Madhya Pradesh.

According to the company’s regulatory filing, the factory will manufacture aluminium foil for lithium-ion and sodium-ion battery applications utilised in energy storage and electric vehicles. The plant will be operated by the firm’s wholly-owned subsidiary SRF Altech Ltd.

“The proposed facility will be established at the existing site of the WoS (wholly-owned subsidiary) at Jetapur in the state of Madhya Pradesh with an estimated project cost of approximately Rs 600 crore, to be implemented in two phases of Rs 300 crore each,” the firm said.

The company has planned a portfolio of future-ready value-added products such as battery foil with this facility. It will have a total capacity of approximately 12,000 metric tons per annum.

The plant’s investments will be made in two phases with ₹300 crore each. The first phase is slated to be completed by September 30, 2028 and the second phase by September 30, 2030.

Live Events

Read more: India is fastest-growing polymer compound market, expected to grow to USD 16 bn by 2031: Crisil

Meanwhile, the chemical company on Wednesday reported a 31 per cent year-on-year rise in consolidated net profit to ₹ 509 crore for the July-September quarter of the current fiscal. It saw its operational revenue increase by 35% to ₹ 4,904 crore from ₹ 3,640 crore during the same quarter, last year.

The firm noted that its operational earnings before interest and tax (EBIT) rose by 26% to ₹816 crore in Q2 FY27 from ₹650 crore during the same period a year ago.

“Our businesses have delivered a strong performance, despite an uncertain and volatile global environment. Most importantly, our capex investments targeting opportunities in sunrise sectors remain extremely robust, positioning us well for the future,” said Chairman and Managing Director Ashish Bharat Ram.

Read more: Tata Chemicals gets relief in ₹908 crore arbitration case, directed to pay ₹1 crore plus interest

The chemical manufacturer highlighted that its chemicals business reported a 25% increase in revenue to ₹2,079, with the fluorochemicals business recording robust refrigerant sales volumes and positive pricing momentum across key products.

The firm’s performance films and foil business grew by 51% in revenue to ₹2,122 crore, while its technical textiles reported a 25% growth to ₹595 crore in the quarter under review.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onSRF Ltd aluminium foil plantsrf ltdMadhya Pradesh battery manufacturing₹600 crore investmentenergy storage solutionselectric vehiclesbattery foil productionQ2 FY27 financial resultschemical company profit growth

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...moreless
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onSRF Ltd aluminium foil plantsrf ltdMadhya Pradesh battery manufacturing₹600 crore investmentenergy storage solutionselectric vehiclesbattery foil productionQ2 FY27 financial resultschemical company profit growth

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...morelessContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in