UPDATE 1-SRF gets board OK to invest 6.65 bln rupees

Newswire

(Adds details, share price) * Earmarks 2.50 bln rupees for new plant in South Africa * To start production in South Africa plant from July 2013 * Received board OK to set up new chemical plant in Gujarat MUMBAI, Feb 28 (Reuters) - Chemicals and tyre-cord maker SRF Ltd said on Monday it received board approval to invest 6.65 billion rupees for expansion, including setting up of a packaging film plant in South Africa. The company would invest 2.50 billion rupees in the plant that ...

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