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4
5 = Summary =
6
7 * SRF Ltd incorporation in 1970 with first plant in Manali near Chennai
8 * SRF Ltd has 14 plants across four countries.
9 * SRF's product applications and segments: from tyres to air conditioners, mines to cricket grounds, automotive to household appliances, food packaging to raw materials for pharmaceuticals.
10 * SRF is the only Indian manufacturer of ozone-friendly refrigerants such as F 134a, F 125 and F 32.
11
12
13
14 [[image:SRF0.png||height="309" width="685"]]
15
16
17 = Company Overview =
18
19
20 Since SRF’s (NSE: SRF) incorporation in 1970 and the subsequent establishment of its first plant in Manali, near Chennai, India in 1974, SRF has grown from being a single unit tyre cord manufacturer into a leading, professionally–managed, diversified chemicals conglomerate.{{footnote}}https://www.srf.com/about-overview/{{/footnote}}
21
22
23 SRF is committed to improving the quality of life through its wide range of products and services. SRF is recognized and well respected for its R&D capabilities globally, especially in the niche domain of chemicals. The company's strong workforce of close to 7,000 works dedicatedly towards maintaining its legacy across India, Thailand, South Africa and Hungary. Additionally, SRF has customer footprints in more than ninety countries. With a turnover of Rs 8,295 crore (US$ 1.1 billion) in FY 2020-21, SRF is the market leaders in most of its businesses in India and command a significant global presence in some of its businesses.
24
25 The company's wide range of products and solutions are sold worldwide. These are used in varied applications and segments: from tyres to air conditioners, mines to cricket grounds, automotive to household appliances, food packaging to raw materials for pharmaceuticals. With its diverse portfolio, the company strive to provide the highest quality of sustainable, industrial and specialty intermediates that contribute to a better way of life.
26
27
28 [[image:SRF1.png]]
29
30
31 == Plant Locations ==
32
33
34 **Technical Textiles Business**
35
36 * Bhind,Madhya Pradesh,
37 * Chennai,Tamil Nadu
38 * Gummidipoondi, Thiruvallur District,Tamil Nadu
39 * Viralimalai, District - Pudukottai,Tamil Nadu,
40
41
42 **Chemicals Business**
43
44 * Tijara,District - Alwar, Rajasthan
45 * Dahej, District - Bharuch,Gujarat
46
47
48 **Packaging Films Business**
49
50 * Kashipur, District Udham Singh Nagar,Uttarakhand,
51 * SEZ Indore,Pithampur,District - Dhar, Madhya Pradesh
52 * Bagdoon, Pithampur,Madhya Pradesh, India
53 * Amphur Pluakdaeng Rayong Province, Thailand
54 * Cato Ridge 3680,Durban, South Africa
55 * Jaszfenyszaru, 5126 Hungary
56
57
58 **Other Businesses**
59
60 * Gummidipoondi, Thiruvallur District,Tamil Nadu
61 * Kashipur, District - Udham Singh Nagar,Uttarakhand,
62
63
64 [[image:SRF3.png]]
65
66
67 = Business Segments =
68
69
70 == Fluorochemicals Business ==
71
72 Set up in the year 1989, SRF’s Fluorochemicals Business (FCB) drives its work through the sale of refrigerants, pharma propellants, and industrial chemicals.{{footnote}}https://www.srf.com/our-businesses/fluorochemicals/{{/footnote}}
73
74
75 SRF is the only Indian manufacturer of ozone-friendly refrigerants such as F 134a, F 125 and F 32.
76
77
78 The company started its journey in Fluorochemicals in 1989, manufacturing refrigerants at its facility in Bhiwadi, Rajasthan, India. In the early part of its journey, SRF collaborated with some of the leading global chemical technology developers that included Allied Signal in 1989 for CFCs and HCFC, and Elf – Atochem in 1995 for Chloromethanes. Over the years, the company backward integrated into manufacture of critical intermediates required for refrigerants, such as hydrofluoric acid, chloroform and trichloroethylene.
79
80
81 In 2015, SRF acquired the Dymel® HFA 134a/P regulated medical pharmaceutical propellant brand from DuPont™ along with the technology to convert its technical grade of F 134a to the propellant grade. This made it one of the few manufacturers of Pharma grade HFA 134a/P in the world, which is used in Metered Dose Inhalers as a propellant.
82
83
84 In 2017, SRF acquired Mexichem’s HFC-125 assets and the technical know-how on an exclusive basis. The company relocated the assets to India and set up the facility for manufacturing HFC-125 at its Chemical complex in Dahej, Gujarat. With this acquisition, SRF gained the unique advantage of manufacturing all three major HFCs, namely HFC 134a, 32 and 125, which are marketed under the company’s FLORON® brand. It has also become the only Indian company to have fully integrated blending capability to offer HFC 410A and 407C to its customers, thereby positioning itself as one of the very few, best-in-class producers in the world.
85
86
87 **Products**
88
89 * Refrigerants
90 * Pharma Propellants
91 * Industrial Chemicals
92
93
94 == Specialty Chemicals Business ==
95
96
97 With more than 30 years of experience in Halogen chemistry, its Specialty Chemicals Business commands an enviable reputation for its capabilities in the development and production of advanced intermediates for Agrochemical and Pharmaceutical applications. Building from its initial expertise in Fluorine chemistry and deep knowledge in varied platform chemistries, SRF is now in a leadership position to offer a variety of other chemicals to address emerging customer needs. To maintain this enviable position, SRF has invested substantially in people, equipment and capital; in turn, creating an environment of agile process development and rapid project implementation for Specialty Chemicals.{{footnote}}https://www.srf.com/our-businesses/specialty-chemicals/{{/footnote}}
98
99
100 The company's infrastructure of the Specialty Chemicals Business includes more than twenty manufacturing facilities at its Chemicals Business complexes in Bhiwadi, Rajasthan in Northern India and at Dahej, Gujarat in Western India. These fully integrated complexes provide a strong competitive advantage to SRF to manage product development and industrial-scale manufacturing from design-to-dispatch. The complexes have multiple state-of-the-art flexible manufacturing facilities, capable of producing a broad range of specialty chemicals.
101
102
103 The production facilities have well-equipped Q&A Labs that are accredited with the National Accreditation Board for Testing and Calibration of Laboratories (NABL) to ensure the highest quality parameters for its customers. The labs are equipped with advanced equipment to follow global best practices that ensure the quality quotient is unparalleled and in line with customer’s expectations.
104
105
106 [[image:SRF2.png]]
107
108
109 == Packaging Films Business ==
110
111 The company's packaging films prevent dry snacks from getting soggy and contaminated. The company's product forms one of the packaging layers that not only provides protection from air, moisture and light but also helps preserve the aroma. With operations in four countries, the company provide flexible packaging solutions to a wide gamut of applications ranging from food to non-food both in the category of fast-moving consumer goods and industrial products.{{footnote}}https://www.srf.com/our-businesses/packaging-films/{{/footnote}}
112
113
114 ‘Easy To Do Business With’ is not just a philosophy that its Packaging Films Business stands committed to. It is also the consistent experience that its customers have with it – a reason that gives it immense pride.
115
116
117 Plastic film is a thin continuous polymeric material usually wound on a core or cut into sheets. There are multiple forms of plastic film materials, manufactured out of various plastic resins, each with its own unique properties which are differently suited to different applications. These films can be clear or colored, smooth or rough, functionally embossed, opaque or semi-transparent, single or multi-layered, combined with other materials like aluminium, paper, etc. Plastic films are used in a wide array of applications to separate areas or volumes, hold items, provide a barrier, print surfaces, and many others. Some of the primary types of plastic films are Polyethylene, Polypropylene, Polyester, Nylon and Polyvinyl Chloride. SRF manufactures Polypropylene and Polyester films.
118
119
120 The company offer a number of standard and speciality products under two brand names – PETLAR for the entire range of Bi-axially Oriented Polyethylene Terephthalate (BOPET) films and OPLAR for Bi-axially Oriented Polypropylene (BOPP) films. The company's brands are a testimony to its competence and commitment to consistently meet the demands and requirements of the global converting industry. The company's product basket provides multiple solutions in printing, performance, aesthetics and industrial applications. The company's products conform to global standards of mechanical, optical, thermal, surface & barrier properties. The company produce these products at its state-of-the-art manufacturing facilities which have economically sound processes that minimize negative environmental impact while conserving energy and natural resources.
121
122
123 SRF is one of the largest manufacturers of a spectrum of standard and specialty Bi-axially Oriented Polyethylene Terephthalate (BOPET) and Bi-axially Oriented Polypropylene (BOPP) films in the world. These products are manufactured through economically-sound processes that minimize negative environmental impact while conserving energy and natural resources. From the installation of ultra-modern machinery to the enablement of a number of smart initiatives like fully automated roll conveying, RFID embedded finished-good stocks and barcode enabled stores and spare management system, its facilities around the world also envelop various energy-conserving methods that reduce the overall carbon footprint of its plants.
124
125
126 [[image:SRF4.png]]
127
128
129 == Technical Textiles Business ==
130
131 SRF offers a wide range of high-performance reinforcements covering both nylon and polyester yarns and fabrics for diverse non-consumer and lifestyle applications. The company is not only the largest manufacturer of technical textiles in India but also enjoys a global leadership for most of the products under this business. SRF’s product basket for technical textiles contains tyre cord fabrics, belting fabrics, and industrial yarn. {{footnote}}https://www.srf.com/our-businesses/technical-textiles/{{/footnote}}
132
133
134 SRF’s product line up for tyre cord fabrics constitutes the entire range of textile reinforcements such as Nylon Tyre Cord Fabrics (NTCF), Polyester Tyre Cord Fabrics (PTCF), Cycle Tyre Cord Fabrics and Chafer Fabrics including wicking and non-wicking chafer for heavy-duty tyres and tubeless radial tyres. These products are used as reinforcement material in various categories of tyres. The key user segments are passenger cars, light commercial vehicles, heavy commercial vehicles, tractors, and off-the-road tyres including the bicycle.
135
136
137 Since the launch of Polyester Industrial Yarn Plant in 2009, SRF has been recognized for its Quality and Technology by both domestic and international customers. Located near Chennai, India, the manufacturing facility boasts of state-of-the-art technology installation from Toray Industries, Japan. The manufacturing plant is capable of producing a new generation family of Polyester Industrial Yarn including High Modulus Low Shrinkage Yarn (HMLS), High-Tenacity Regular Yarn, and Low Shrinkage Yarn. All these yarns are available in adhesive activated (AA) and non-adhesive activated (NAA) form.
138
139
140 **Products**
141
142 * Tyre Cord Fabrics
143 * Belting Fabrics
144 * Polyester Industrial Yarn
145
146
147 [[image:SRF5.png]]
148
149
150 == Coated Fabrics Business ==
151
152 As a pioneer of PVC synthetic coated fabrics in India, SRF offers a diverse range of products for a wide range of applications in varied segments such as architecture, lifestyle, sports, advertising, defense, mines, food & agriculture, automobile, and transportation. The company's coated fabrics are fire and weather-resistant as well as UV stabilized and abrasion and tear-resistant. Made of high tenacity polyester yarn with a unique PVC formulation, these are waterproof and easy to fabricate, install and maintain.{{footnote}}https://www.srf.com/our-businesses/coated-fabrics/{{/footnote}}
153
154
155 With a pan India presence, SRF has remained the domestic market leader for more than two decades.
156
157
158 Equipped with world-class facilities for manufacturing yarn, weaving, coating, printing and lacquering, SRF plant at Gummidipoondi in Tamil Nadu is fully integrated to manufacture coated fabrics with PVC formulation. The plant was established in 2011 and uses its own fabrics for the fabrication of articles.
159
160
161 **Products**
162
163 SRF offers a wide range of fabrics from 350 gsm to 1500 gsm, coating thickness from 0.3 mm to 1.5 mm in more than 100 shades.
164
165 * Dynamic Tarpaulin
166 * Static Covers
167 * Awnings Fabric
168 * Auto canopy
169 * Hangar covers
170 * Ducting Cover
171 * Sports goods
172 * Inflatables
173 * Pond Liners
174
175
176 [[image:SRF6.png]]
177
178
179 == Laminated Fabrics Business ==
180
181 With an enviable reputation of a reliable manufacturer, the company deliver quality solutions to the printing, advertising & signage industry. SRF offers products for static and dynamic covering solutions as well. SRF laminated fabrics which are used as flex in hoardings, billboards and signage are not only suitable for high-quality screen printing and digital printing but are also compatible with all solvent-based printers such as Vutek, Nur and Scitex. {{footnote}}https://www.srf.com/our-businesses/laminated-fabrics/{{/footnote}}
182
183
184 Under special treatment, SRF products also exhibit anti-UV and fire-retardant properties. With a pan India network of channel partners, SRF promises to serve customers anywhere in the country. The company's laminated products are sold in the market under the following brand names:
185
186
187 Established in 2010, SRF plant at Kashipur, Uttarakhand has a monthly capacity to produce 75 lakh sqm of PVC laminated polyester fabrics. The facility can easily handle calendaring, cold and hot lamination and is equipped with a state-of-the-art fabrication machine with automatic heat sealing facilities to produce tarpaulins.
188
189
190 **Products**
191
192 Laminated fabrics are available in different combinations of length, width, and weight as per the requirements of its customers.
193
194 * Cold Laminated Front Lit
195 * Cold Laminated Back Lit
196 * Hot Laminated Protective Covers
197
198
199 = Business Overview =
200
201 == Technical Textiles Business ==
202
203 FY 2020- ‘21 began on a difficult note with the entire country under strict lockdown restrictions to control the surge of COVID-19. This resulted in the shutdown of all TTB manufacturing plants. However, as the unlock process started, all plants re-started operations, with strict safety protocols while maintaining product quality. By the end of H1 – 2020 – ‘21, all TTB segments witnessed a strong revival. Increased Government spending in infra sectors, focus on personal mobility, import restrictions on Chinese tyres and container shortage resulting in higher sea freight triggered an increase in domestic demand.{{footnote}}https://srf.com/SRFAR/2020-21/pdf/SRF-Limited-Annual-Report-2020-21.pdf{{/footnote}}
204
205
206 **Tyre Cord Fabrics**
207
208 Nylon Tyre Cord Fabric segment registered strong demand from both Original Equipment (OE) and replacement sectors during H2 – 2020 – ‘21. Restriction in tyre imports from China led to an increase in domestic tyre production across all segments resulting in an overall growth in demand for Tyre Cord Fabrics (TCF). TCF segment also executed yarn capacity expansion and debottlenecking projects in FY 2020- ‘21.
209
210
211 **Belting Fabrics**
212
213 Belting Fabrics segment is a key supplier to end-user industries, namely, steel, cement, coal, and power generation. In FY 2020- ’21, all these industries witnessed a de-growth, thereby resulting in pressure on margins. However, with an increased focus on Value-Added Products (VAPs) and an integrated value chain, the Business was able to increase the overall market share and sales volume to domestic as well as export markets.
214
215 With the ongoing expansion projects and a strong portfolio of VAPs, SRF will further consolidate its position in both the domestic as well as the global market in FY 2021- ‘22.
216
217
218 **Polyester Industrial Yarn**
219
220 Polyester Yarn segment witnessed a strong revival in H2 FY 2020 – ’21 due to increased demand from the auto segment and stronger push in infra sectors. The continued focus on increasing sales of VAPs helped keep the margins healthy, despite the Chinese continuing to dump yarn into India at very low prices.
221
222 The healthy margins trend is expected to continue in FY 2021- ‘22 as well
223
224
225 == Chemicals Business ==
226
227 The Chemicals Business comprises two different product segments, namely Fluorochemicals and Specialty Chemicals.
228
229
230 **Fluorochemicals**
231
232 Refrigerants & Propellants and Industrial Chemicals FY 2020- ‘21 was a tough year for the refrigerants market globally. Auto and air-conditioner market declined initially, which resulted in a significant drop in refrigerant market demand along with selling prices. It was only in the latter part of the year that some revival in demand was witnessed, although the international prices remained subdued throughout the year. However, Industrial Chemicals market performed well due to the growth in pharma and agrochemicals segment. The Industrial Chemicals Business was able to maintain its market share and launched a new product- Methyl Chloride in its CMS portfolio.
233
234 Both Chemicals sites witnessed stable and safe operations during COVID-19 and nearly all the plants operated at full capacity during the second half of the year. The company successfully launched its first ASHRAE product F 467A in the international market. In addition, the company received the European Pharmacopoeia certificate for its Dymel® product segment, along with the addition of new customers and geographies in this space. The company continue to improve its process capability and were able to develop innovative processes in existing operations and filed new patents during the year.
235
236
237 [[image:SRF8.jpg]]
238
239
240 == Specialty Chemicals Business ==
241
242 The Specialty Chemicals Business maintained its growth momentum during the year. COVID-19 related interruptions affected the Business mostly in the first quarter of the FY. The Business received support from the market despite the global pandemic. The company focused on the customers’ key products and their developmental project requirements, while at the same time ensuring that the production capacities were optimally utilized during the year.
243
244 During the year, the Business launched several new agrochemical and pharma intermediates and remained steadfast on its ‘Innovation and Technology Leadership’ journey. The production capacity of several products was enhanced significantly at both the sites. Three new dedicated plants were also commissioned during FY 2020 – ‘21. The Business made continual investment towards cleaner and leaner operations, in line with further strengthening its sustainability initiatives. All these measures have further enhanced the positioning of the Business in its ability to deliver complex specialty products and related intermediates.
245
246
247 == Chemicals Technology Group ==
248
249 The Chemicals Technology Group (CTG) has been continually augmenting its capabilities and helping in driving the technology curve for the Fluorochemicals and Specialty Chemicals Businesses.
250
251 CTG has been developing a variety of new technologies and platforms to bolster SRF into next level of technology play. CTG is actively supporting both the Specialty Chemicals and the Fluorochemical Businesses gain prominence in their respective Business areas.
252
253 The two dedicated R&D facilities, engineering lab and pilot plant facilities, employing many scientists and engineers work together to achieve the innovation and technology leadership at SRF. SRF continues to invest in R&D for creating propositions for the future and Capital and Revenue expenditures of more than ` 100 Cr. were spent during FY 2020- ‘21.
254
255 In FY 2020- ‘21, CTG filed thirty-six patents taking the total count to three hundred and nine patents filed so far. Twenty-three patents were granted in FY 2020- ‘21 taking the total count of patents granted to the company to ninety-three.
256
257
258 == Packaging Films Business ==
259
260 FY 2020- ’21 has been a good year for the Packaging Films Business (PFB). This Business is a part of the essential goods value chain and hence was able to operate its plants during the nationwide lockdown. Increased demand for food packaging accompanied by the hard work and passion of the team contributed towards the larger goal of ‘Easy To Do Business With (ETDBW)’ and helped the Business achieve its best-ever performance.
261
262 All plants maximized their production, keeping costs under control and creating their own benchmarks. The company could achieve an output of almost 2,50,000 MT during the year while sustaining the best-in-industry cost structures. In its journey of adding more VAPs in its portfolio, the Business launched fourteen new products and the overall VAP sales grew by more than 20% over previous year. The company's team worked relentlessly to start the new BOPET film plant at Thailand, making it the first-ever remote commissioning of a film line anywhere in the world. Subsequently, the team also commissioned and operationalized the new BOPET film line in Hungary and a resin plant in Thailand amidst severe travel restrictions, limiting availability of supplier personnel and field experts on-site. While utilizing its assets to the maximum, the company continuously strive to maintain a safe and healthy environment at its plants. In FY21, the company received 5 Star rating for Occupational Health and Safety (OHS) from the British Safety Council for its facility in South Africa. The company's expansion of BOPP film line at both Thailand and India are also progressing well and timely vertical startup of both the lines will be one of its most important agenda items.
263
264
265 == Coated and Laminated Fabrics Business ==
266
267 Under the Other Businesses segment, both Coated and Laminated Fabrics performed well in FY 2020- ’21. Despite adverse market situation, Coated Fabrics Business recorded its best-ever performance and Laminated Fabrics Business has also been able to achieve the targeted profitability. Both the Businesses were impacted during the first quarter due to the situation arising from the COVID-19 pandemic.
268
269
270 = Financial Highlights =
271
272 Total revenue from operations of the Company on standalone basis increased by 10.38 per cent from Rs 6330.84 Crores in 2019-20 to Rs 6988.32 Crores in 2020-21. The profit before interest, depreciation and tax (PBIDT) including ‘other income’ on a standalone basis increased from Rs 1315.80 Crores in 2019-20 to Rs 1804.78 Crores in 2020-21.
273
274 Profit before tax (PBT) from continuing operations on a standalone basis increased by 67.84 per cent from Rs 780.48 Crores in 2019-20 to Rs 1309.97 Crores in 2020-21. After accounting for the provision for tax of Rs 384.91 Crores, profit after tax (PAT) on continuing operations on a standalone basis increased by 16.56 per cent from Rs 793.59 Crores in 2019-20 to Rs 925.06 Crores in 2020-21.
275
276 Total revenue from operations of the Company on consolidated basis increased by 16.51 per cent from Rs 7209.41 Crores in 2019-20 to Rs 8400.04 Crores in 2020-21. The profit before interest, depreciation and tax (PBIDT) including ‘other income’ on a consolidated basis increased from Rs 1503.09 Crores in 2019-20 to Rs 2199.68 Crores in 2020-21.
277
278 Profit before tax (PBT) from continuing operations on a consolidated basis increased by 76.30 per cent from Rs 914.70 Crores in 2019-20 to Rs 1612.65 Crores in 2020-21. After accounting for the provision for tax of Rs 414.40 Crores, profit after tax (PAT) on continuing operations on a consolidated basis increased by 30.89 per cent from Rs 915.90 Crores in 2019-20 to Rs 1198.25 Crores in 2020-21.
279
280 During the year the Company allotted 1764705 equity shares through Qualified Institutional Placement (QIP) at an issue price of Rs 4250 per equity share (including a premium of Rs 4240 per equity share) aggregating to Rs 750 crore on October 17, 2020. Pursuant to the said allotment the paid up equity capital of the Company increased from Rs 574805000 divided into 57480500 shares of Rs 10 each to Rs 592452050 divided into 59245205 shares of Rs 10 each. Details of utilization of QIP proceeds are given in Corporate Governance Report which forms part of the Board’s Report.
281
282
283 == SRF Limited Q1FY22 Financial Results ==
284
285 Jul 28, 2021; Gurugram, July 28, 2021: SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the first quarter ended June 30, 2021. The company’s unaudited results were approved by the Board of Directors in a meeting held today via video conferencing.{{footnote}}https://www.srf.com/srf-limited-announces-q1fy22-financial-results/{{/footnote}}
286
287
288 **Consolidated Q1FY22 Financials**
289
290 The consolidated revenue of the company grew 75% from ₹1,545 crore to ₹2,699 crore in Q1FY22 when compared with Corresponding Period Last Year (CPLY). The company’s Earnings before Interest and Tax (EBIT) increased 102% from ₹295 crore to ₹595 crore in Q1FY22 when compared with CPLY. The company’s Profit after Tax (PAT) increased 123% from ₹177 crore to ₹395 crore in Q1FY22 when compared with CPLY.
291
292 Commenting on the results, Managing Director, Ashish Bharat Ram said, “It has been an excellent quarter for the company despite the short-term challenges emanating from the lockdowns. The company worked on various countermeasures to ensure that the company performed well. Going forward, I remain cautiously optimistic of its performance. The re-emergence of COVID-19 in some of its key markets along with significant increase in global freight rates remain a risk for it.”
293
294
295 **Consolidated Q1FY22 Segment Results**
296
297 The Chemicals Business reported an increase of 58% in its segment revenue from ₹705 crore to ₹1,114 crore during Q1FY22 over CPLY. The operating profit of the Chemicals Business increased 151% from ₹89 crore to ₹222 crore in Q1FY22 over CPLY. During the quarter, the Specialty Chemicals Business performed well owing to higher sales from exports and domestic markets. The Fluorochemicals Business witnessed higher sales volumes in the refrigerants and the blends segments with better sales realizations, especially from the export markets. In addition, healthy contribution from the chloromethanes segment augmented the overall results. The second wave of COVID-19 induced lockdowns resulted in disruption of supply chains, leading to an overall increase in raw material prices and export freight across geographies.
298
299 The Packaging Films Business reported an increase of 54% in its segment revenue from ₹677 crore to ₹1,041 crore during Q1FY22 when compared with CPLY. The operating profit of the Packaging Films Business increased 7% from ₹221 crore to ₹237 crore in Q1FY22 over CPLY. During the quarter, while the domestic demand for BOPET films remained muted, the company witnessed healthy demand for BOPP films. New capacities that came on-stream in the past six months in Hungary and Thailand witnessed significantly better traction and enhanced sales of Value-Added Products (VAPs) also contributed to the overall performance.
300
301 The Technical Textiles Business reported an increase of 251% in its segment revenue from ₹140 crore to ₹493 crore during Q1FY22 over CPLY. The operating profit of the Technical Textiles Business increased 1,054% from ₹ (14) crore to ₹134 crore in Q1FY22 over CPLY. Re-structuring of margin profile with long-term customers has contributed to the overall performance of the Technical Textiles Business. In addition, higher sales volumes from the Nylon Tyre Cord Fabrics, Belting Fabrics and Polyester Industrial Yarn segments augured well for the business.
302
303 The Other Businesses reported an increase of 126% in its segment revenue from ₹24 crore to ₹54 crore in Q1FY22 when compared with CPLY. The operating profit of the Other Businesses increased 814% from ₹ (0.28) crore to ₹2 crore in Q1FY22 over CPLY. Both the Coated and Laminated Fabrics Business performed well in a difficult external environment.
304
305
306 **Capex**
307
308 The Board has approved a project for Integrated Expansion of Fluorocarbon based Refrigerant Capacity at Dahej at a projected cost of ₹550 crore to meet the growing demand for refrigerants in the domestic and exports market and is expected to be completed in twenty-four months.
309
310 To cater to the growing power requirements of new and upcoming plants at Dahej, the Board has approved the installation of 200 KV grid at a projected cost of ₹135 crore.
311
312
313 **Interim Dividend**
314
315 In today’s meeting of the board of directors, an interim dividend at the rate of 120 percent, amounting to ₹12 per share was approved.
316
317
318 = References =
319
320 {{putFootnotes/}}

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  94. GB:ADM
  95. GB:AHT
  96. GB:ANTO
  97. GB:AUTO
  98. GB:AUY
  99. GB:AV
  100. GB:AVST
  101. GB:AVV
  102. GB:AZN
  103. GB:BA
  104. GB:BARC
  105. GB:BATS
  106. GB:BDEV
  107. GB:BHP
  108. GB:BME
  109. GB:BP
  110. GB:CCH
  111. GB:CPG
  112. GB:CTO
  113. GB:DARK
  114. GB:DGE
  115. GB:FERG
  116. GB:GLEN
  117. GB:HL
  118. GB:HSBA
  119. GB:IHG
  120. GB:III
  121. GB:IMB
  122. GB:INCH
  123. GB:NWG
  124. GB:NXR
  125. GB:OCDO
  126. GB:REL
  127. GB:RKT
  128. GB:SGE
  129. GB:SGRO
  130. GB:SKG
  131. GB:SMIN
  132. GB:SN
  133. GB:STAN
  134. GB:ULVR
  135. Great Britain
  136. HK:0995
  137. HK:1052
  138. HK:107
  139. HK:189
  140. HK:548
  141. HK:819
  142. HK:995
  143. IN:3MINDIA
  144. IN:ADANITRANS
  145. IN:BHARATFORG
  146. IN:CIPLA
  147. IN:CROMPTON
  148. IN:GODREJIND
  149. IN:HDFCAMC
  150. IN:IDEA
  151. IN:INDUSTOWER
  152. IN:LICI
  153. IN:LUPIN
  154. IN:LUPINE
  155. IN:MFSL
  156. IN:MOFSL
  157. IN:MOTHERSUMI
  158. IN:MUTHOOTFIN
  159. IN:NATCOPHARM
  160. IN:NATIONALUM
  161. IN:NBCC
  162. IN:NESTLEIND
  163. IN:NIACL
  164. IN:NMDC
  165. IN:OBEROIRLTY
  166. IN:OFSS
  167. IN:PAGEIND
  168. IN:PAYTM
  169. IN:PEL
  170. IN:PETRONET
  171. IN:PFIZER
  172. IN:PGHH
  173. IN:PIDILITIND
  174. IN:PIIND
  175. IN:PNB
  176. IN:PNBHOUSING
  177. IN:POWERGRID
  178. IN:QUESS
  179. IN:RAMCOCEM
  180. IN:RELAXO
  181. IN:SAIL
  182. IN:SANOFI
  183. IN:SBILIFE
  184. IN:SIEMENS
  185. IN:SRF
  186. IN:SUPREMEIND
  187. IN:TATAPOWER
  188. IN:TECHM
  189. IN:TITAN
  190. IN:TORNTPHARM
  191. IN:TORNTPOWER
  192. IN:TRENT
  193. IN:TVSMOTOR
  194. IN:UBL
  195. IN:ULTRACEMCO
  196. IN:UNIONBANK
  197. IN:UPL
  198. IN:VBL
  199. IN:WHIRLPOOL
  200. IN:ZEEL
  201. India
  202. Ireland
  203. JP:1070
  204. JP:2654
  205. JP:4220
  206. JP:4734
  207. JP:6916
  208. SG:BCY
  209. SG:F13
  210. UK:IHG
  211. US:AABA
  212. US:AAOI
  213. US:AAPL
  214. US:AAUKF
  215. US:ABEO
  216. US:ABUS
  217. US:ACAD
  218. US:ACAN
  219. US:ACBFF
  220. US:ACDVF
  221. US:ACHN
  222. US:ACIA
  223. US:ACRX
  224. US:ADAP
  225. US:ADMP
  226. US:ADMS
  227. US:ADXS
  228. US:AEM
  229. US:AEZS
  230. US:AFMD
  231. US:AGEN
  232. US:AGI
  233. US:AGRX
  234. US:AGTK
  235. US:AKAO
  236. US:ALDR
  237. US:ALIM
  238. US:ALQA
  239. US:AMC
  240. US:AMD
  241. US:AMDA
  242. US:AMIGF
  243. US:AMMJ
  244. US:AMN
  245. US:AMPE
  246. US:AMRN
  247. US:AMRS
  248. US:AMZN
  249. US:ANCUF
  250. US:ANFGF
  251. US:ANLDF
  252. US:ANTH
  253. US:ANY
  254. US:APHQF
  255. US:AQMS
  256. US:AQSZF
  257. US:ARDX
  258. US:ARGS
  259. US:ARLZ
  260. US:ARNA
  261. US:ARRY
  262. US:ARWR
  263. US:ASBFF
  264. US:ASHTF
  265. US:ATDRY
  266. US:ATHX
  267. US:ATNM
  268. US:ATOS
  269. US:ATRS
  270. US:AUPH
  271. US:AUY
  272. US:AVASF
  273. US:AVEO
  274. US:AVEVF
  275. US:AVGR
  276. US:AVIR
  277. US:AVP
  278. US:AVVIY
  279. US:AVXL
  280. US:AXON
  281. US:AXSM
  282. US:AZN
  283. US:BABA
  284. US:BAC
  285. US:BAESF
  286. US:BAM
  287. US:BBRY
  288. US:BCE
  289. US:BCOR
  290. US:BCS
  291. US:BHC
  292. US:BHP
  293. US:BIOA
  294. US:BIOC
  295. US:BLCM
  296. US:BLDP
  297. US:BLEVF
  298. US:BLOZF
  299. US:BLPH
  300. US:BLRX
  301. US:BMO
  302. US:BMRPF
  303. US:BNS
  304. US:BP
  305. US:BPMX
  306. US:BSTG
  307. US:BTDPF
  308. US:BTE
  309. US:BTG
  310. US:BTI
  311. US:BW
  312. US:BZUN
  313. US:CALA
  314. US:CANN
  315. US:CAPR
  316. US:CARA
  317. US:CASC
  318. US:CATB
  319. US:CBDS
  320. US:CCJ
  321. US:CEI
  322. US:CERC
  323. US:CERU
  324. US:CHK
  325. US:CIE
  326. US:CLDX
  327. US:CLF
  328. US:CLOV
  329. US:CLSN
  330. US:CLVS
  331. US:CM
  332. US:CMPGF
  333. US:CNAB
  334. US:CNAT
  335. US:CNBX
  336. US:CNI
  337. US:CNQ
  338. US:CNSWF
  339. US:CORT
  340. US:CP
  341. US:CPRX
  342. US:CRBP
  343. US:CRIS
  344. US:CRMD
  345. US:CTRV
  346. US:CU
  347. US:CUR
  348. US:CVE
  349. US:CVSI
  350. US:CYCC
  351. US:CYTR
  352. US:CYTX
  353. US:DCTH
  354. US:DEPO
  355. US:DGEAF
  356. US:DMPI
  357. US:DRKTF
  358. US:DRYS
  359. US:DVAX
  360. US:DXTR
  361. US:DYLLF
  362. US:EARS
  363. US:ECYT
  364. US:EDIT
  365. US:EGLT
  366. US:EKSO
  367. US:ELVT
  368. US:ENB
  369. US:ENDP
  370. US:ENRT
  371. US:ETRM
  372. US:EVC
  373. US:EXEL
  374. US:FATE
  375. US:FB
  376. US:FERG
  377. US:FINL
  378. US:FIT
  379. US:FLXN
  380. US:FOLD
  381. US:FQVLF
  382. US:FRFHF
  383. US:FSV
  384. US:FTR
  385. US:FTS
  386. US:FVE
  387. US:FWDG
  388. US:GALE
  389. US:GALT
  390. US:GBHPF
  391. US:GBT
  392. US:GERN
  393. US:GFL
  394. US:GIB
  395. US:GILD
  396. US:GLDFF
  397. US:GLEN
  398. US:GLYC
  399. US:GME
  400. US:GNCA
  401. US:GNMX
  402. US:GOLD
  403. US:GPRO
  404. US:GSAT
  405. US:GVXXF
  406. US:GWLIFU
  407. US:HLTH
  408. US:HMNY
  409. US:HRGLF
  410. US:HRTX
  411. US:HSBA
  412. US:HTGM
  413. US:HTZ
  414. US:HUSA
  415. US:ICPT
  416. US:IDRA
  417. US:IDXG
  418. US:IFCZF
  419. US:IHG
  420. US:IMBBF
  421. US:IMGN
  422. US:IMMU
  423. US:IMNP
  424. US:IMO
  425. US:IMUC
  426. US:INFI
  427. US:INPX
  428. US:INSM
  429. US:INVA
  430. US:ITEK
  431. US:IVITF
  432. US:JD
  433. US:JOBS
  434. US:JVA
  435. US:KAYS
  436. US:KEM
  437. US:KERX
  438. US:KGC
  439. US:KTOS
  440. US:KTOV
  441. US:LKM
  442. US:LODE
  443. US:LPCN
  444. US:LULU
  445. US:LXRP
  446. US:MACK
  447. US:MARA
  448. US:MBOT
  449. US:MBRX
  450. US:MDCL
  451. US:MDCO
  452. US:MEET
  453. US:MEIP
  454. US:MEOH
  455. US:MFC
  456. US:MGA
  457. US:MGWFF
  458. US:MNKD
  459. US:MOMO
  460. US:MQPXF
  461. US:MRNS
  462. US:MRTX
  463. US:MSFT
  464. US:MTRAFU
  465. US:MU
  466. US:MVIS
  467. US:MZOR
  468. US:NAK
  469. US:NBEV
  470. US:NBRV
  471. US:NEOS
  472. US:NG
  473. US:NH
  474. US:NLNK
  475. US:NMUS
  476. US:NTIOF
  477. US:NTNX
  478. US:NTR
  479. US:NVAX
  480. US:NVCN
  481. US:NVDA
  482. US:NVRO
  483. US:NWBO
  484. US:NWG
  485. US:NXTTF
  486. US:NYMX
  487. US:OCDGF
  488. US:OCLR
  489. US:OCUL
  490. US:OGRMF
  491. US:OMER
  492. US:ONCS
  493. US:ONTX
  494. US:ONVO
  495. US:OPGN
  496. US:OPHT
  497. US:OPK
  498. US:OPTT
  499. US:OTEX
  500. US:OTIC
  501. US:P
  502. US:PANXF
  503. US:PBYI
  504. US:PETS
  505. US:PETX
  506. US:PGNX
  507. US:PHOT
  508. US:PIRS
  509. US:PLSE
  510. US:PLUG
  511. US:PLX
  512. US:PRTO
  513. US:PSDV
  514. US:PTI
  515. US:PTN
  516. US:PTX
  517. US:PUFXF
  518. US:PULM
  519. US:PVG
  520. US:QRSRF
  521. US:QSR
  522. US:RAD
  523. US:RBA
  524. US:RBGPF
  525. US:RCI
  526. US:RCKT
  527. US:RDHL
  528. US:RDUS
  529. US:RELX
  530. US:REPH
  531. US:RGLS
  532. US:RIGL
  533. US:RNN
  534. US:RNVA
  535. US:ROX
  536. US:RSSFF
  537. US:RTTR
  538. US:RY
  539. US:SCYX
  540. US:SDRL
  541. US:SEGXF
  542. US:SENS
  543. US:SESN
  544. US:SGBY
  545. US:SGGEF
  546. US:SGMO
  547. US:SGYP
  548. US:SHOP
  549. US:SJR
  550. US:SKLN
  551. US:SLF
  552. US:SLFPF
  553. US:SMFTF
  554. US:SMGKF
  555. US:SNAP
  556. US:SNN
  557. US:SPHS
  558. US:SPLIF
  559. US:SPRWF
  560. US:SQ
  561. US:SRNA
  562. US:SRNE
  563. US:SRRA
  564. US:SSRM
  565. US:STLY
  566. US:STML
  567. US:STMP
  568. US:STRRF
  569. US:SU
  570. US:SWN
  571. US:SYN
  572. US:TAC
  573. US:TBQBF
  574. US:TD
  575. US:TECK
  576. US:TENX
  577. US:TEVA
  578. US:TFII
  579. US:TGOPF
  580. US:TGTX
  581. US:THCBF
  582. US:TK
  583. US:TMXXF
  584. US:TNDM
  585. US:TOP
  586. US:TRI
  587. US:TROV
  588. US:TRP
  589. US:TRTC
  590. US:TRVN
  591. US:TRXC
  592. US:TSG
  593. US:TSLA
  594. US:TTM
  595. US:TTNP
  596. US:TTNQY
  597. US:TU
  598. US:TVTY
  599. US:TWTR
  600. US:TXMD
  601. US:UBQU
  602. US:UNXL
  603. US:VAPE
  604. US:VBLT
  605. US:VCEL
  606. US:VDQSF
  607. US:VPCO
  608. US:VSTM
  609. US:WIT
  610. US:WLDFF
  611. US:WLL
  612. US:WMIH
  613. US:WMT
  614. US:XGTI
  615. US:XON
  616. US:XTNT
  617. US:XXII
  618. US:ZGNX
  619. US:ZSAN
  620. US:ZYNE
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