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.