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NOCIL Ltd — Capital/Financing Update 2019
Oct 17, 2019
60460_rns_2019-10-17_7c7057a2-8c6f-4b90-b327-ac69cc56f663.pdf
Capital/Financing Update
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17[th] October 2019
The Secretary The National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited Exchange Plaza “P.J. Towers” Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai-400 001 Mumbai-400 051 Scrip Code: 500730 Symbol: NOCIL
Dear Sirs,
Sub.: Commencement of Trial Production of Phase II of Expansion at Dahej
The Company had vide its letters dated 20[th] December 2017 & 31[st] January 2018 intimated about the CAPEX programme – Phase II of Rs. 255 Crore approved by the Board of Directors at its Meeting held on 20[th] December 2017 for expansion of capacities of rubber chemicals including the intermediates consumed towards manufacture of rubber chemicals at the Company’s plants situated at Navi Mumbai and Dahej.
Now, pursuant to Regulations 30(3) & (4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are pleased to inform you that the Company has, after achieving mechanical completion, started the trial runs effective 17[th] October, 2019 at the Company’s plant situated at Dahej, in the state of Gujarat.
The said investment is towards meeting the demand regarding the antioxidants portion of the rubber chemicals business in the Country. As a matter of information, Rubber Chemicals can be broadly classified into Antioxidants, Accelerators and Others. Commercial production will start on receipt of approvals from major customers.
Submitted for dissemination of information to the members of the stock exchange and public.
Kindly request you to take the above on your records and acknowledge receipt.
Thanking you,
Yours faithfully, For NOCIL Ltd.
GUPTE VIKAS KASHINATH Digitally signed by GUPTE VIKAS KASHINATH DN: c=IN, o=Personal, 2.5.4.20=a82eb80e7b1e067a287ce674750089f458bc6a99af0e166cf2078337b262f230, postalCode=400101, st=MAHARASHTRA, 2.5.4.45=03410064343234623035613336393036393566656638303361633732366538323165353961653865396266653664393861396238366231633338303939313238396137, serialNumber=781f7a2e291fa674eb6adeb7c19db4c341d405f62a89af3633b7130a70430038, cn=GUPTE VIKAS KASHINATH Date: 2019.10.17 15:27:33 +05'30'
V. K. Gupte Company Secretary
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