NOCIL has received approval from Board of Directors for incurring capital expenditure of around Rs 130 crore towards capacity expansion (Rubber chemical along with proportionate intermediate) at the Dahej Plant. The proposed capacity addition involves expansion of some of its peak utilization products of the Rubber Chemical Portfolio. The expansion is at Dahej, Gujarat (through a brownfield investment) for setting up a comprehensive integrated facility (including Backward Integration of its input) in the specialty portion of the Rubber chemicals business.
The proposed investment is expected to contribute to revenue growth, operational efficiencies, and improved market positioning over the medium to long term and help the company to expand / enhance its presence in local and global markets.
NOCIL (formerly known as National Organic Chemical Industries) is a limited company incorporated on May 11, 1961, and is engaged in manufacture of rubber chemicals domiciled in India.
