Manufactured Capital
At SRF, we remain firmly committed to sustainable, long-term growth by strengthening operational excellence and embedding a culture of continuous improvement across the organisation. Guided by a clear vision, we are focussed on building a resilient foundation – enhancing our manufactured capital through reliable, safe and efficient plants, higher asset utilisation, quality-driven operations, and prudent investments in capacity, technology and maintenance. Our philosophy – “we always find a better way” – is deeply woven into how we think, innovate and execute, shaping the value we consistently deliver to customers and stakeholders.
UN SDG Linkages
BRSR Linkage
Principle 2: Businesses should provide goods and services in a manner that is sustainable and safe
Principle 4: Businesses should respect the interests of and be responsive to all its stakeholders
Key Stakeholders Impacted
Material Issues Addressed
- Occupational Health & Safety
- Key Material Procurement and Management
- Total Quality Management
- Innovation, Research & Development
- Employment
Key Highlights
Our Manufacturing Excellence
Specialty Chemicals Business
At our Specialty chemicals business, manufacturing excellence is integral to every stage of operations, underpinned by rigorous quality systems and continuous process optimisation. Strong technical expertise combined with scalable production capabilities ensures the delivery of reliable, high-performance solutions aligned with evolving industry needs.
A broad portfolio of organic and inorganic intermediates i.e. Trifluoro (-CF3) Products Chlorodifluoro (-CCLF2) Products Difluoro (-CHF2) Products Hexafluoro (-Cf3)2 Products etc., supports diverse end-use applications across material sciences, surface chemistry, and the agrochemical and pharmaceutical sectors. Facilities are designed for efficient high-volume production, enabling consistent product quality and responsiveness to the growing demands of both agrochemical and pharmaceutical markets.
Fluorochemicals
We manufacture a broad and diversified portfolio of fluorochemical products, including refrigerants (such as R22 and HFC blends), pharmaceutical propellants, chloromethanes, hydrogen fluoride (HF), trichloroethylene (TCE), perchloroethylene (PCE), tetrahydrofuran (THF), fluoropolymers, and more. Our world-class manufacturing facilities at Dahej (Gujarat) and Bhiwadi (Rajasthan) are supported by advanced infrastructure and robust process capabilities, enabling us to reliably serve both domestic and global markets. With strong backward integration across key inputs we have enhanced operational efficiency, ensured supply security, and established a resilient, sustainable competitive advantage in the fluorochemicals sector.
We are the only Indian Company manufacturing Pharma-grade Propellant (Dymel® brand).
During the year, the Fluorochemicals Business delivered robust performance, driven by higher volumes and realisations of HFCs across domestic and export markets, along with record domestic sales of refrigerant gases. Complementing our manufacturing and supply strengths, we also took a decisive step toward strengthening customer proximity and brand visibility with the launch of Floron Shoppe, India’s first exclusive retail space for genuine SRF refrigerants.
Collaborations: SRF Limited and The Chemours Company
The Chemours Company, a global leader across Thermal & Specialised Solutions, Titanium Technologies, and Advanced Performance Materials, has entered a strategic collaboration with SRF Limited. This will strengthen Chemours’s global supply chain and enhance operational flexibility. The collaboration secures additional capacity for fluoropolymers and fluoroelastomers – essential materials used across industries such as semiconductor, automotive, aerospace, chemical processing, oil and gas, and more – ensuring a more reliable supply for customers worldwide.
By combining SRF’s manufacturing excellence with Chemours’ advanced technology and stringent quality standards, the partnership will deliver high-quality products efficiently. The agreements complement Chemours’ existing operations, enabling greater supply agility without requiring upfront capital investment. For SRF, it is a testament of its proven capabilities in complex chemical production.
Performance Films & Foil Business
Our Performance Films & Foil business continues to strengthen through scale, advanced technology, and continuous innovation. We have a comprehensive range of products, including BOPP and BOPET films, foil packaging, metallised and polymeric paper, CPP films, and capacitor-grade BOPP films. Backed by a strong R&D foundation and stringent quality systems, our operations deliver consistent, research-led quality while enabling us to meet evolving customer requirements. Our products support a wide array of end-use applications, including food and non-food packaging, pharmaceuticals, beauty and personal care, infrastructure, and household applications.
Our Performance Films and Foil are integral to customer value chains across diverse sectors. We provide flexible packaging solutions for food categories such as confectionery, dairy, and spices, as well as non-food segments including personal and home care. Beyond packaging, our offerings play a critical role in industrial applications such as air ducting, cables, solar panels, and electronics, supporting customers in advancing their efficiency, digitisation, and sustainability objectives. Across all applications, our manufacturing philosophy is anchored in quality, consistency, and performance, recognising that our products play a vital role in enabling systems and solutions that impact everyday life.
Our KAPLAR™ KPPIP film
Our state-of-the-art KAPLAR™ KPPIP – an oilimpregnation-grade dielectric BOPP film – is engineered using high-purity electrical-grade polypropylene and precision tenter technology. This ensures superior thickness uniformity, reliable oil impregnation, and low dielectric losses, delivering consistent performance in critical operating environments.
Designed for high-demand applications, KAPLAR™ KPPIP films are used in power factor correction, harmonic filtering, transmission and distribution systems, industrial furnaces, and high-energy pulse applications across defence and medical equipment. These solutions are built to meet stringent performance requirements, where long-term reliability and efficiency depend on precision at the material level.
Value Chain of Performance Films & Foil Business
Our
Suppliers
Our Operations
Manufacturing of BOPP and BOPET films, foil packaging, metallised and polymeric paper, CPP films, and capacitor-grade BOPP films
Our Customers
Our comprehensive product portfolio positions us as a key player in the global packaging films industry, delivering innovative and high-quality solutions tailored to diverse customer requirements.
During the year, the Performance Films & Foil Business recorded healthy growth in revenue and margins, supported by higher volumes and improved realisations across both BOPET and BOPP segments, along with increased contribution from high-impact value-added products and aluminium foil.
We are among the leading manufacturers of both standard and specialty Bi-axially Oriented Polyethylene Terephthalate (BOPET) and Bi-axially Oriented Polypropylene (BOPP) films, marketed under our PETLAR™ and OPLAR™ brands.
Technical Textiles Business
This year, we further strengthened our commitment to manufacturing excellence by achieving IATF 16949:2006 certification for our TTB facilities in Gwalior, Manali, and Gummidipoondi, aligning our operations with globally recognised automotive quality management standards
We are India’s largest technical textiles producer, holding leading positions globally across key segments. With four state-of-the-art facilities in Madhya Pradesh and Tamil Nadu, we offer a comprehensive portfolio that includes Nylon-6 Tyre Cord Fabrics, Chips, Industrial Yarn, and Polyester Tyre Cord Fabric. We continue to scale our capabilities and strengthen our presence to capitalise on high-growth opportunities across industries.
#1
In India for Tyre Cord Fabrics
Trusted by Global Tyre and Conveyor Manufacturers
60,000 MTPA
Tyre Cord Fabrics Capacity
Type Cord Fabrics Belting Fabrics Industrial Yarns
22,000 MTPA
Belting Capacity (Viralimalai, Tamil Nadu)
Awarded the Deming Prize for Quality Excellence
Coated Fabrics
We are India’s leading manufacturer of PVC Synthetic-Coated Fabrics for over 40 years, delivering durable, UV-stabilised, waterproof, and fire-resistant solutions in 300+ shades (270–1500 gsm). With state-of-the-art, vertically integrated facilities and ISO-certified quality standards, we cater to diverse sectors – from architecture to defence.
Our Gummidipoondi facility in Tamil Nadu is equipped with advanced infrastructure for yarn manufacturing, weaving, coating, printing, and lacquering. The plant operates as a fully integrated unit for producing PVC-coated fabrics. We offer a wide range of fabric options, with weights spanning 350 gsm to 1,500 gsm and coating thicknesses from 0.3 mm to 1.5 mm, available in over 100 colour shades to meet diverse application needs.
Laminated Fabrics
Our Laminated Fabrics delivers durable, high-quality flex materials for hoardings, billboards, and signage – empowering brands with unmatched visibility and performance. Designed for both static and dynamic applications, our products are compatible with leading solvent-based printers and can be treated for anti-UV and fire-retardant properties. Backed by a pan-India network, we ensure reliable service and reach across the country.
Our Kashipur plant in Uttarakhand has a monthly production capacity of 75 lakh square metres of laminated products, including cold-laminated front-lit and back-lit materials, as well as hot-laminated protective covers. This enables us to consistently meet diverse customer requirements with efficiency and reliability.
Total Quality Management (TQM)
Our management way, rooted in TQM principles and management vehicles, is built on the triad of meeting customer needs through robust processes and enabling the participation of all people in continuous improvement.
During the last year, we renewed our overall management framework with a view to repositioning itself for tomorrow’s needs. The revised framework brings out key changes, recognising the growing importance of AI, digital, sustainability, and technology in an AI-embedded world. This future-looking framework will enable us to become more agile and responsive in continuously meeting evolving stakeholder requirements, while maintaining strong foundations for sustained performance.
Our flagship capability-building program, PSP Silver, was further expanded during this year. Many high-impact projects across businesses successfully applied and integrated advanced analytics and machine learning tools, expanding the certification pool and delivering results in yield and throughput improvement, reduction in water and energy consumption, and improving overall plant reliability. Together with wide application of the PSP Blue (higher than Six Sigma Green Belt equivalent in industry) improvement methods, the businesses continued to establish new benchmarks in quality, productivity and quick ramp-up of new plants. The year witnessed over 600 successful improvement projects applying improvements methodologies, to achieve benchmarks across multiple domains.
The digital transformation journey was further expanded through the development of AI chatbots and applications that enabled faster and more effective systems deployment and learning, accelerating improvements. A Kaizen bot leveraging robotic process automation was successfully developed and deployed organisation-wide, significantly enhancing the quality and effectiveness of the program. Advanced analytical capabilities, including predictive analytics, were integrated into Digital twins across multiple manufacturing plants.
Leadership engagement was strengthened through a curated “Sponsor as Facilitator” program aimed at enhancing the facilitation capabilities of senior leaders in driving improvements. SRF’s business capability assessment system, Management Diagnosis, was expanded across businesses, along with training leadership members as assessors, resulting in improved quality of improvement plans and more effective execution.
The annual company-wide improvement platform, Themes Convention, witnessed participation from over 500 people at the two-day event, with more than 16 best projects showcased across businesses. Strong grassroots participation formed the backbone, with nearly 17,000 Kaizens completed, and 90 recognitions and awards won at state and national-level competitions.
Deepening our practices through the renewed SRF Way will enable us to build long-term capabilities to achieve our future aspirations.
Raw Material Efficiency
Improving raw material efficiency is a vital component of our sustainability strategy, enabling us to lower environmental impact, optimise costs, and reduce emissions and waste generation. To drive resource efficiency, we focus on the efficient use of virgin raw materials while increasing the share of recycled inputs in our overall consumption. Through continuous product re-engineering and innovative applications, we enhance the use of recycled content in our production processes without compromising on quality. This approach helps minimise our environmental footprint and promotes material recycling and repurposing. We remain committed to advancing circularity and continuously strengthening our practices to maximise resource efficiency and sustainable value creation.
Our key raw material consumption details across business includes the following:
Chemicals Business
Major raw material used in Chemicals Business (in 000’MT)
Performance Films & Foil Business
Major raw material used in Performance Films & Foil Business (in 000’MT)
*Total recycled input material used ~ 2,402 MT (including PET chips & PP chips)
Technical Textiles Business
Major raw material used in Technical Textiles Business (in 000’MT)
Coated Fabrics
Major raw material used in Coated Fabrics (in 000’MT)
Laminated Fabrics
Major raw material used in Laminated Fabrics (in 000’MT)
Impact of Manufactured Capital on other capitals
Financial Capital
Enhances profitability through efficient asset utilisation and cost optimisation.
Intellectual Capital
Drives innovation and process excellence by enabling adoption of advanced systems and technologies.
Social & Relationship Capital
Strengthens stakeholder trust through reliable operations, quality output, and responsible practices.
Natural Capital
Impacts resource consumption and reduces emissions.
Human Capital
Improves workforce and productivity through advanced infrastructure and technology.
