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The proposed investment is expected to contribute to revenue growth, operational efficiencies, and improved market positioning over the medium to long term and help the company to expand / enhance its presence in local and global markets.
The total investment will be largely funded through internal accruals. The said expansion project is expected to be completed by H1 FY28.
NOCIL engaged in manufacture of rubber chemicals domiciled in India. The products manufactured by the company are used by the tyre industry and other rubber processing industries. The company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat).
The company's consolidated net profit declined 28.29% to Rs 9.25 crore on 0.72% fall in revenue from operations to Rs 315.84 crore in Q3 FY26 over Q3 FY25.
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