The Stock Exchange, Mumbai
Phiroze Jeejeebhoy Towers
Dalal Street, Fort,
Mumbai 400 001.
In continuation of our letter No.SRF/SEC-D/16 dated 14th October, 2004, this is
to inform you that the Board of Directors of the Company at its meeting held on
27th October, 2004 have approved the following capital expenditure proposals :
i) Modernisation and capacity expansion for Industrial Synthetics Business -
Rs.262.69 crores (GFA - Rs.240.77 crores; NCA - Rs.21.92 crores).
ii) Power Project for Industrial Synthetics Business (Gwalior) - Rs.7.95 crores
- investment of Rs.6.90 crores in the equity of a Special Purpose Company and
Rs.1.05 crores for purchase of equipment.
iii) Mettalizer and Slitter for Packaging Films Business, Indore - Rs.12.55
crores (GFA - Rs.11.01 crores; NCA - Rs.1.54 crores).
A proposal to issue a corporate guarantee for Rs.37 crores to the lenders of
SRF Overseas Ltd., a wholly owned subsidiary of the Company for their expansion
plans has also been approved by the Board at the said meeting.
for SRF LIMITED
ANOOP K. JOSHI