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NOCIL Ltd approves expansion of capacities

Posted On: 2017-03-16 19:15:14

The Board of Directors of NOCIL Ltd, at its meeting held on 16th March, 2017 approved expansion of capacities of Rubber Chemicals and their intermediates at the Company's plants situated at Navi Mumbai and Dahej. The total Capital Expenditure envisaged is approx. 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.

Shares of NOCIL LTD. was last trading in BSE at Rs.84.85 as compared to the previous close of Rs. 84.15. The total number of shares traded during the day was 193524 in over 1290 trades.

The stock hit an intraday high of Rs. 85.8 and intraday low of 84.35. The net turnover during the day was Rs. 16440542.


Source: Equity Bulls

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