Brief: NOCIL and Laxmi Organic Industries
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Brief: NOCIL and Laxmi Organic Industries

NOCIL to invest over Rs. 250 crore for capacity expansion of rubber chemicals

  • By ICN Bureau | March 26, 2024

NOCIL to invest over Rs. 250 crore for capacity expansion of rubber chemicals

The Board of Directors of NOCIL Limited has accorded approval for incurring Capital Expenditure not exceeding Rs 250 crore towards capacity enhancement (Rubber chemicals) at Dahej. The existing capacity of 115,000 MTA of Rubber Chemicals is operation at around 65% capacity utilization. The proposed capacity addition is about 20% of existing capacity. The capex will be funded largely through internal accruals.

Laxmi Organic Industries undergoes scheduled turnaround for boiler inspection at MIDC unit

Laxmi Organic Industries Limited's Manufacturing Unit (1) located at Mahad Industrial Area, MIDC, Raigad, Maharashtra, India, will be undergoing a scheduled annual turnaround for Boiler inspection in April 2024. Our supply chain and sales teams have undertaken adequate measures to ensure smooth deliveries. During the said turnaround the availability of the products will be limited.

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