NOCIL Share Price in Focus; Approves ₹130 Crore Capacity Expansion at Dahej Plant

On March 16, 2026, NOCIL Limited announced its board's approval for a capital expenditure of approximately ₹130 crore. This investment is aimed at expanding the capacity of its Dahej plant, focusing on rubber chemicals and related intermediates. 

Details of the Capacity Expansion 

The Dahej plant, located in Gujarat, currently has a capacity of 1,15,000 MTA for rubber chemicals, with a utilisation rate of around 70%.  

The proposed expansion will involve a brownfield investment to enhance the production of peak utilisation products within the rubber chemical portfolio. This includes setting up a comprehensive integrated facility, incorporating backward integration of inputs. 

Timeline and Financial Aspects 

The expansion is targeted for completion by the first half of the financial year 2028. The total investment required for this project is approximately ₹130 crore, which will be financed largely through internal accruals. 

Read More: Mozark Secures $40 Million for Global Expansion of Digital Performance Testing Platform! 

Strategic Rationale for the Expansion 

The investment in the Dahej plant is expected to contribute significantly to NOCIL's revenue growth and operational efficiencies. It aims to improve the company's market positioning over the medium to long term, enhancing its presence in both local and global markets. 

NOCIL Share Price Performance 

As of March 17, 2026, at 9:30 AM, NOCIL share price on NSE was trading at ₹137.71 up by 0.92% from the previous closing price. 

Conclusion 

NOCIL's decision to invest ₹130 crore in expanding its Dahej plant underscores its commitment to strengthening its rubber chemical production capabilities. This strategic move is poised to enhance the company's operational efficiency and market presence. 

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