SRF Ltd has decided to invest about Rs 257 crore for establishing a greenfield packaging film constructing facility and a captive wind power turbine by 2009.

In order to double up its packaging film production capacity by 2009, the company would invest around Rs 165 crore for setting up a second line of biaxially-oriented polyester (BOPET) film with a capacity of 27,000 metric tonne.

The company would also be investing around Rs 92 crore on the establishment of a wind power turbine in Tamil Nadu, and this would help it to meet up the captive demand for three of its production plants in the state.

The company’s directors have given their approval to the recent plans.

Mr. Ashish Bharat Ram, Managing Director of SRF said, “The board has given the go ahead to expand the bi-axially oriented polyester (BOPET) film manufacturing plant capacity to 55,000 tonnes, entailing an investment of Rs 165 crore. We would also be investing an additional Rs 92 crore in setting up a 15-MW wind mill to meet our captive needs in Tamil Nadu.”

SRF Ltd shares fell on yesterday due to the weak behavior of the stock markets.