NOCIL advances on commissioning expansion of capacities at Dahej plant

29 Jan 2019

Nocil is currently trading at Rs. 143.50, up by 3.15 points or 2.24% from its previous closing of Rs. 140.35 on the BSE.

The scrip opened at Rs. 139.70 and has touched a high and low of Rs. 146.70 and Rs. 138.80 respectively. So far 62892 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 232.50 on 18-Apr-2018 and a 52 week low of Rs. 135.70 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 161.10 and Rs. 135.70 respectively. The current market cap of the company is Rs. 2384.51 crore.

The promoters holding in the company stood at 33.78%, while Institutions and Non-Institutions held 11.00% and 55.23% respectively.

NOCIL has commissioned the expansion of capacities at its plant situated at Dahej in the state of Gujarat, after successful trial runs from December 2018.

Earlier, the company announced that CAPEX programme - Phase 1 of Rs 170 Crore approved by the Board of Directors at its meeting held on March 16, 2017 for expansion of capacities of rubber chemicals and their intermediates at the company’s plants situated at Navi Mumbai and Dahej. Subsequent thereto, the company had announced the start of commercial production of the aforementioned capacities at Navi Mumbai, being part of Phase - 1 on June 25, 2018.

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.


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