SRF to begin operation at Chennai plant in phases

SRF Ltd would begin operating the Chennai plant in phases after the factory was temporarily shut last month due to flooding on heavy rainfall.
"The company had said earlier the factory was shut due to flooding of the factory caused by incessant rains. Due to heavy water logging and continuous rain, the damage could not be ascertained as of now", it said.
However, in its latest communication to the stock exchanges, the company said, "water level has receded in the plant and power and basic utilities have been restored".
"As this is a complex plant, the production is being started in phases and dipping process has started as of now. Adequate steps are being taken to restore normalcy", it said.

SRF has nine manufacturing facilities in India, four overseas plants and has about 6,500 employees globally.
Shares of the company were trading at Rs 1,342, up 4.86 per cent on BSE.