Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulation,2015
NOCIL · price
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NOCIL's board, at its meeting on 16th March 2026, approved a capital expenditure of approximately Rs 130 crore to expand capacity at its Dahej, Gujarat plant. The expansion is a brownfield project focused on peak-utilization rubber chemical products and includes a comprehensive integrated facility with backward integration of inputs. The existing capacity is 115,000 MTA, currently running at around 70% utilization. The expanded capacity is targeted to be commissioned by the first half of FY28. The investment will be financed largely through internal accruals. The company expects this to drive revenue growth, operational efficiencies, and stronger market positioning in both domestic and global markets.
This is a growth-oriented capital allocation move funded internally, meaning no equity dilution or major debt burden. The brownfield nature and backward integration should support margins, but returns will only materialize from H1 FY28 onwards, making this a medium-term positive rather than an immediate catalyst.