NOCIL has received an approval for expansion of capacities of Rubber Chemicals and their intermediates at its plants situated at Navi Mumbai and Dahej. The board of directors at its meeting held on March 16, 2017 has approved for the same.
The total capital expenditure envisaged is approximately Rs 170 crore. The expansion project is likely to be commissioned by the end of Quarter 2 of the Financial Year 2018-19. The capital expenditure will be financed largely through internal accruals.
NOCIL is an India-based company, which offers basic organic chemicals. The company is engaged in the business of manufacturing and trading of rubber chemicals.