SRF Ltd announces ₹600 crore aluminium foil manufacturing plant in Madhya Pradesh for battery applications

SRF Ltd on Wednesday announced its board approval for a proposed ₹600 crore aluminium foil manufacturing facility in Madhya Pradesh.

According to the company’s regulatory filing, the factory will manufacture aluminium foil for lithium-ion and sodium-ion battery applications utilised in energy storage and electric vehicles. The plant will be operated by the firm’s wholly-owned subsidiary SRF Altech Ltd.

“The proposed facility will be established at the existing site of the WoS (wholly-owned subsidiary) at Jetapur in the state of Madhya Pradesh with an estimated project cost of approximately Rs 600 crore, to be implemented in two phases of Rs 300 crore each,” the firm said.


The company has planned a portfolio of future-ready value-added products such as battery foil with this facility. It will have a total capacity of approximately 12,000 metric tons per annum.

The plant’s investments will be made in two phases with ₹300 crore each. The first phase is slated to be completed by September 30, 2028 and the second phase by September 30, 2030.

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Meanwhile, the chemical company on Wednesday reported a 31 per cent year-on-year rise in consolidated net profit to ₹ 509 crore for the July-September quarter of the current fiscal. It saw its operational revenue increase by 35% to ₹ 4,904 crore from ₹ 3,640 crore during the same quarter, last year.

The firm noted that its operational earnings before interest and tax (EBIT) rose by 26% to ₹816 crore in Q2 FY27 from ₹650 crore during the same period a year ago.

“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,” said Chairman and Managing Director Ashish Bharat Ram.

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The chemical manufacturer highlighted that its chemicals business reported a 25% increase in revenue to ₹2,079, with the fluorochemicals business recording robust refrigerant sales volumes and positive pricing momentum across key products.

The firm’s performance films and foil business grew by 51% in revenue to ₹2,122 crore, while its technical textiles reported a 25% growth to ₹595 crore in the quarter under review.