NOCIL rises on getting nod for incurring capital expenditure towards capacity enhancement at Dahej
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NOCIL is currently trading at Rs. 251.50, up by 5.00 points or 2.03% from its previous closing of Rs. 246.50 on the BSE.
The scrip opened at Rs. 251.95 and has touched a high and low of Rs. 254.80 and Rs. 251.30 respectively. So far 14967 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 297.80 on 20-Feb-2024 and a 52 week low of Rs. 203.55 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 254.80 and Rs. 243.85 respectively. The current market cap of the company is Rs. 4107.82 crore.
The promoters holding in the company stood at 33.84%, while Institutions and Non-Institutions held 9.81% and 56.35% respectively.
NOCIL has received approval for incurring Capital Expenditure not exceeding Rs 250 crore towards capacity enhancement (Rubber chemicals) at Dahej. The proposed capacity is likely to be added within 24-30 months. The Board of Directors of the company its meeting held on March 26, 2024 has accorded approval for the same.
NOCIL is engaged in manufacture of rubber chemicals domiciled in India. The company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat). The products manufactured by the company are used by the tyre industry and other rubber processing industries.
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