This Commodity Chemical Company Signs MoU with Tata Steel Special Economic Zone for Land Acquisition in Odisha, Valued at Rs 282 Crores

SRF Limited, a multi-business chemical conglomerate listed on both BSE and NSE, has signed a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL). The MoU, executed on September 12, 2025, involves the acquisition of land via sub-lease in Gopalpur, District Ganjam, Odisha, valued at approximately Rs 282 crores (exclusive of applicable taxes).

The land acquisition will support SRF Limited’s Chemicals Business in setting up new projects. As per the agreement, the company will carry out due diligence on the land before entering into a definitive sub-lease with TSSEZL, subject to fulfillment of payment obligations within a specified timeframe.

About the Company

SRF Limited is a diversified, multi-business chemicals company headquartered in Gurugram, Haryana, with its registered office in New Delhi. Established in 1970, the company has evolved from its initial focus on technical textiles into a Large-Cap entity with operations spanning multiple sectors. Its business portfolio includes fluorochemicals, specialty chemicals, packaging films, technical textiles, and coated fabrics.

The Chemicals Business, which contributes significantly to the company’s revenue, focuses on specialty chemicals used in pharmaceuticals, agrochemicals, and industrial applications, along with refrigerants and other fluorochemicals. The Packaging Films Business caters to global demand for flexible packaging solutions, while the Technical Textiles Business manufactures tyre cord fabrics and belting fabrics.

The company has a market cap of over Rs 88,000 crore. The stock is up by 39 per cent from its 52-week low and has given multibagger returns of 4,000 per cent since 2011.

Disclaimer: The article is for informational purposes only and not investment advice.