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.
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