Newswire

SRF board approves capex of 1.15 bln rupees

NEW DELHI, July 25 (Reuters) - Tyre-cord maker SRF Ltd on Friday said its board approved capital expenditure worth 1.15 billion rupees.

The approval includes a 926.5 million rupees polyester polymerisation chip plant and fluorospeciality facility with a capacity of 400 tonnes per annum at Bhiwadi at an investment of 225 million rupees, it said in a statement. (Reporting by Rakesh Sharma; editing by Sunil Nair)