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SRF Limited share price today (on 22 September 2023).
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BSE: 503806 | NSE: SRF | ISIN: INE647A01010 Market Cap: [Rs.Cr.] 1,313 | Face Value: [Rs.] 10 Industry: Textiles - ManmadeSRF Limited (SRF), a multi-product and multi-business organisation was incorporated on 9th January 1970 under the name of Shriram Fibres Ltd, now it is market leader in Technical Textiles, Refrigerants, Engineering Plastics and Industrial Yarns. The business divisions of the company include Technical Textile Business, Chemical Business, Packaging Films Business, Industrial Yarn Business and Engineering Plastics Business. SRF is a global entity with operations in 8 locations of India, in Dubai, in South Africa and in Thailand, totally 4 countries. Building on its in-house R&D facilities for Technical Textiles Business and Chemicals Business, the company strives to stay ahead in business through innovations in operations and product development.
The commencement of Nylon Tyre Cord Fabric Plant at Manali, Chennai was made by the company in the year of 1974, also introduced Fishnet Twines and Nylon Engineering Plastics in the same location during the year 1977 and 1979 respectively. During the year 1983 and 1986, the company commissioned Industrial Fabrics Plant and Coated Fabrics project respectively at Tiruchirapalli. In the identical year of 1986, SRF Finance Ltd was started its operations. In 1989, SRF had commissioned commercial production of fluorochemicals at Bhiwadi. The change in the name was made in the year 1990; the name of the company was changed from Shriram Fibres Limited to the present name SRF Limited. Total Quality Management (TQM) practice was adopted by the company in wide during the year 1993 itself. In the period of 1995, SRF took over the nylon tyre Cord plant of Ceat at Gwalior and also started Chloromethane production at Bhiwadi. The first overseas presence was made in the year 1996 by the way of formed operation plant in Dubai. The company divested SRF Finance Ltd to GE Capital in 1997 and acquired Tyre Cord Fabric conversion facility of Dupont at Gummidipoondi, Chennai during the year 2000.
In 2001, SRF became one of the top ten suppliers of nylon tyre cord in the world and also commenced operations of SRF E-Biz, an e- procurement business. The Company's Polyester Films, Fishnet Twines and Engineering Plastics businesses spun off as a separate entity in the year 2002 under the name of SRF Polymers Ltd. Flurochemicals Business of the company at Bhiwadi awarded the prestigious OHSAS 18000 and SA 8000 certification for practicing environment safety in the period of 2003. During the year 2004, SRF had unlocked the Packaging Film Plant at Indore and Pharma Chemicals Business at Bhiwadi. Also in the identical year of 2004, Deming Application Prize awarded to the Industrial Synthetics Business. SRF became one of the top 3 manufacturers of belting fabrics in the world during the year 2005.
The Captive Power Project at the company's Chemical Business, Jhiwana, had commissioned and capitalized in April of the year 2006. The project of holographic film plant of the company had commissioned in December of the year 2007 at an investment of approximately Rs. 10 crore. The product from this plant is used for luxury packaging segments. SRF has acquired two foreign companies during 2008, one in Thailand and the other one in South Africa. Thai based Thai Baroda Industries Limited (TBIL) is a tyre cord company and South Africa based Industex Technical Textiles (Pty) Limited is a manufacturer of belting fabrics. The Company also plans to invest around Rs. 100 crore for its Chemical Business especially in the area of upgrading its R&D facilities, for developing new products under fluorospecialities and setting up of a new power plant at its Bhiwadi Plant.
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