SRF Limited Closes the Operations of the Plants Due to Escalating Covid 19 Situation
March 25, 2020 at 09:04 am EDT
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SRF Limited informed that in view of the escalating COVID 19 situation and in compliance with the directions of the respective State Governments and Local Authorities, the Company has also decided to close the operations of the plants of the Company at the following locations: Dahej in the state of Gujarat; Manali in the state of Tamil Nadu; Trichy in the state of Tamil Nadu; Gummidipoondi in the state of Tamil Nadu; Malanpur in the state of Madhya Pradesh; Kashipur in the state of Uttarakhand. In addition, the regional offices of the Company at Chennai, Mumbai, New Delhi and other locations have also been closed. These plants/offices shall remain closed till further notice and would resume operations upon relevant guidance being issued by the State Governments and Local Authorities. It is not possible to assess the Financial Impact of the above closures at this point in time.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.
SRF LIMITED 
