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Capital & Financial MarketsPortfolio & StrategyOperations & FootprintProducts & InnovationMarkets & Customers 21 Oct 2026

SRF approves USD 63.2m aluminium foil plant for batteries and packaging

SRF's board has approved a USD 63.2m (INR 600 crore) aluminium foil plant at its Jetapur site in Madhya Pradesh, with about 12,000 tonnes a year of capacity for lithium-ion and sodium-ion battery foil and high-end packaging foil. Subsidiary SRF Altech will build it in two phases of USD 31.6m (INR 300 crore) each, due by 30 September 2028 and 30 September 2030, and the mill can supply aseptic and other high-value packaging grades while battery-grade qualification, expected to take close to two years, proceeds. On its 21 October 2026 Q2 FY27 earnings call, management guided chemicals growth to the top of its 15-20% range.

Why this mattersThe dual-use mill lets SRF sell into established high-value packaging foil grades while battery-grade qualification, a multi-year process, runs in parallel.

  • The board approved USD 63.2m (INR 600 crore) for an aluminium foil plant at Jetapur, Madhya Pradesh, with about 12,000 tonnes a year of capacity.
  • Wholly owned subsidiary SRF Altech will build the plant in two phases of USD 31.6m (INR 300 crore) each.
  • Phase 1 is due by 30 September 2028 and Phase 2 by 30 September 2030.
  • The mill can make both battery-grade and high-end packaging foil, so output can go to aseptic and other high-value grades while battery qualification continues.
  • Management expects battery foil qualification to take close to two years.
  • SRF cited India's ACCPLI battery manufacturing incentive scheme as a demand driver.
Tetra Pak mentioned SRF Limited
Sources cofacto.ai ibef.org investing.com marketping.in
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-25 · Edited before publication: The key fact on the foil business being profitable by end-FY27 and capacitor-foil sales from Q3 FY27 is not in the sources; removed. Phase timing taken from the filing (30 September 2028 and 2030). 'Rs.' changed to INR. Topics cut from five to two. The Tetra Pak competitor tag is not supported by any source.
  • 2026-10-25 · Edited before publication: The story carried five topics; the maximum is three. Cut to two. The directory wrongly links Tetra Pak as a competitor: no source names it, so remove the link. The conversion of INR 600 crore to USD 63.2m is correct, and the other facts are grounded.