Corporate News     20-Dec-17
Board of NOCIL approves Rs 168 crore for Phase 2 capacity expansion
At meeting held on 20 December 2017
The Board of Directors of NOCIL at its meeting held on 20 December 2017 has approved an in-principle CAPEX proposal of Rs 168 crore - Phase 2 for expansion of its production facilities for rubber chemicals at Dahej / Navi Mumbai. The said investment is expected to be maintain the asset turnover ration of 2:1. The said capex is expected to be completed during Q1 FY 2019-20.

Expansion with investment of Rs 170 crore (phase 1) already announced in March 2017 is progressing well. The said expanded are expected to commence commercial production latest by Q3 FY 2018-19.

Previous News
  NOCIL to conduct AGM
 ( Corporate News - 30-May-24   12:02 )
  NOCIL allots 11,025 equity shares under ESOP
 ( Corporate News - 12-Nov-22   13:44 )
  Volumes jump at FSN E-Commerce Ventures Ltd counter
 ( Hot Pursuit - 10-Nov-22   11:00 )
  Volumes soar at Phoenix Mills Ltd counter
 ( Hot Pursuit - 14-Feb-23   11:00 )
  NOCIL allots 15,825 equity shares under ESOP
 ( Corporate News - 14-Jul-21   09:24 )
  NOCIL standalone net profit rises 26.15% in the December 2016 quarter
 ( Results - Announcements 24-Jan-17   08:08 )
  NOCIL to convene board meeting
 ( Corporate News - 03-Mar-20   11:19 )
  NOCIL announces change in company secretary
 ( Corporate News - 20-Dec-19   15:42 )
  NOCIL net profit rises 13.81% in the June 2010 quarter
 ( Results - Announcements 30-Jul-10   17:15 )
  Volumes soar at Himadri Speciality Chemical Ltd counter
 ( Hot Pursuit - 01-Apr-20   11:00 )
  NOCIL recommends dividend
 ( Corporate News - 26-May-10   09:22 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top