SRF Limited has revealed plans to establish a new and dedicated INR 2.5 billion facility for producing advanced intermediates for agrochemicals at Dahej in Gujarat to meet the demand.
The Indian industrial and specialty intermediates manufacturer said that its board of directors has approved the investment.
According to SRF Limited, the advanced intermediates plant will have a proposed capacity of 1,000 MTPA.
The plant is expected to be ready by 31 May 2023 and will be financed by a mix of debt and internal accruals.