SRF Board Approves Rs 600 Crore Battery Foil Plant
SRF Limited's board has cleared the construction of a Rs 600 crore battery foil manufacturing plant, as reported by Trade Brains on 22 October 2026. The approval came alongside the company's second-quarter results, which showed revenue rising 35% to Rs 4,904 crore. No location, timeline or capacity details were included in the reported information.
| Detail | Information |
|---|---|
| Project | Battery Foil Manufacturing Plant |
| Promoter / Company | SRF Limited |
| Sanctioned Value | Rs 600 crore |
| Q2 Revenue | Rs 4,904 crore |
| Revenue Growth (Q2) | 35% |
| Source / Date Reported | Trade Brains, 22 October 2026 |
Context Within India's Paper and Industrial Materials Sector
SRF's battery foil investment sits within a broader category of industrial foil and packaging materials that overlaps with paper and paper products projects in India, a sub-sector where capital spending remains active. Projects India currently tracks 281 live projects in this sub-sector, with four added in the last 90 days alone.
The pipeline ranges from large pulp and paper expansions to niche packaging and board manufacturing units, reflecting diverse end-market demand across the country.
Where Activity Is Concentrated
Among the 281 tracked projects in Paper and Paper Products, Gujarat leads with 46 projects, followed by Uttar Pradesh (34), Karnataka (27), Uttarakhand (22), Maharashtra (21) and Andhra Pradesh (20). Suppliers and contractors looking to prioritise geographies will find Gujarat and Uttar Pradesh accounting for the largest share of tracked work.
Recent examples from the Projects India database illustrate the spread: a Rs 1,658 crore expansion by Kuantum Papers Limited in Hoshiarpur, Punjab is at the Nearly Completion stage; a Rs 956.85 crore pulp and power project by Kohinoor Pulp and Paper Private Limited in Goalpara, Assam has construction under way; and a Rs 1,137.3 crore writing and printing paper plant by Ruchira Papers Limited in Ropar, Punjab is under approvals.
Stage Breakdown: Where Projects Stand
The stage distribution of tracked projects points to where near-term procurement activity is likely to emerge. Of the 281 projects:
- Under Approvals: 91 projects — the largest single group, representing a pipeline that could move to construction in coming periods.
- Completed: 86 projects.
- Construction Started: 43 projects — already generating active demand for equipment and services.
- Hold: 25 projects.
- Planning: 15 projects.
- Approvals Received: 10 projects — likely to enter procurement shortly.
Combined, the 43 projects already in construction and the 10 that have received approvals represent immediate or near-immediate opportunity for suppliers across civil, mechanical and electrical disciplines. The 91 under approvals form the medium-term watch list. For a full view of tracked activity, see all tracked projects on Projects India.
Selected Projects Currently in the Pipeline
Beyond the headline SRF investment, several other promoters are at various stages of commitment in this sub-sector:
- Trident Group is pursuing a Rs 440 crore paper and pulp mill expansion in Barnala, Punjab, currently under approvals.
- Orient Paper Mills has a Rs 50 crore pulp mill expansion under approvals in Shahdol, Madhya Pradesh.
- N R Agarwal Industries Limited is at the approvals stage for a new multilayer board manufacturing facility in Bharuch, Gujarat.
- Dhanush Packaging has started construction on a Rs 17.61 crore paper poly covers unit in Dharwad, Karnataka.
These projects, alongside SRF's battery foil plant approval, reflect continued capital deployment across the broader industrial projects sector in India.
What this means for suppliers and contractors
The Rs 600 crore battery foil plant approved by SRF's board represents a sizeable single-project opportunity for equipment suppliers, civil contractors and specialist foil-process vendors, though no procurement stage or location has yet been reported. Parties active in foil manufacturing, calendering or related industrial processes should monitor SRF's subsequent announcements for scope and tendering details.
More broadly, the 43 paper and paper products projects already in construction and the 10 that have received approvals across India represent the most immediate opportunities for the supply chain. Gujarat, with 46 tracked projects, is the single largest state by project count and warrants priority attention from regional contractors and equipment distributors. There are currently no open India tenders recorded in the industrial projects sector on the Projects India platform; suppliers are advised to monitor the live tenders page for updates as projects progress through approvals.
Frequently asked questions
What is SRF's Rs 600 crore battery foil plant?
SRF Limited's board approved construction of a Rs 600 crore battery foil manufacturing plant, as reported by Trade Brains on 22 October 2026. No location, capacity or timeline details were included in the reported information available at the time of publication.
How many paper and paper products projects are tracked in India?
Projects India tracks 281 live projects in the paper and paper products sub-sector. Gujarat leads by state count with 46 projects, followed by Uttar Pradesh with 34. Ninety-one projects are currently under approvals and 43 have construction under way.
What was SRF's revenue in Q2 as reported in October 2026?
Trade Brains reported on 22 October 2026 that SRF posted Q2 revenue of Rs 4,904 crore, representing a 35% increase. No further financial breakdown was available in the reported information.
