SRF plans ₹6b battery-grade aluminium foil plant in Madhya Pradesh as Q2 profit rises 31%

SRF Ltd is expanding its presence in the aluminium foil sector with a planned investment of INR 6 billion (USD 63.5 million) in a battery-grade aluminium foil manufacturing facility in Madhya Pradesh, as the chemicals producer reported a 31 per cent year-on-year increase in consolidated net profit for the second quarter of FY27.

The proposed plant will have an annual production capacity of 12,000 tonnes and cater to lithium-ion (Li-ion) and sodium-ion (Na-ion) battery applications. The investment comes as energy storage and electric mobility sectors drive demand for battery materials.

The company’s board has approved the investment, with the facility planned at the existing site of its subsidiary, SRF Altech Ltd, at Jetapur in Madhya Pradesh.

SRF to build 12,000t battery-grade aluminium foil facility in two phases

The INR 6 billion (USD 63.5 million) project will be implemented in two phases, each involving an estimated investment of INR 3 billion (USD 31.8 million). According to the regulatory filing, Phase I is expected to be completed by September 2028, followed by Phase II by September 2030.

The facility will manufacture battery-grade aluminium foil for both lithium-ion and sodium-ion batteries, serving applications across energy storage and electric mobility.

The planned investment forms part of SRF’s broader capital expenditure programme targeting emerging sectors. SRF Ltd Chairman and Managing Director Ashish Bharat Ram said, “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.”

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SRF Q2 net profit rises to in INR 5.09b as income increases

Alongside the planned aluminium foil investment, SRF reported consolidated net profit of INR 5.09 billion (USD 53.9 million) for the quarter ended September, up 31 per cent from INR 3.88 billion (USD 41.1 million) in the corresponding period of the previous year.

Total income increased to INR 49.29 billion (USD 521.8 million) in the second quarter of FY27 from INR 36.66 billion (USD 388.0 million) a year earlier.

The company also recorded higher earnings for the first half of FY27. Net profit rose to INR 12.68 billion (USD 134.2 million) from INR 8.21 billion (USD 86.9 million) in the corresponding period of the previous financial year, while total income increased to INR 99.96 billion (USD 1.06 billion) from INR 75.14 billion (USD 795.4 million).

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SRF's manufacturing and export network

SRF has a diversified business portfolio spanning fluorochemicals, speciality chemicals, performance films and foil, technical textiles, and coated and laminated fabrics.

The company operates 16 manufacturing facilities, including 13 in India and one each in Thailand, South Africa and Hungary. It employs more than 9,500 people and exports its products to over 90 countries.

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