December 20, 2017 / 10:44 AM / a month ago

BRIEF-Nocil Approves In-Principle Capex Proposal Of 1.68 Bln Rupees

Dec 20 (Reuters) - Nocil Ltd:

* APPROVED AN IN-PRINCIPLE CAPEX PROPOSAL OF 1.68 BILLION RUPEES - PHASE 2 FOR EXPANSION OF PRODUCTION FACILITIES FOR RUBBER CHEMICALS

* INVESTMENT IS EXPECTED TO MAINTAIN THE ASSET TURNOVER RATIO OF 2:1

* CAPEX IS EXPECTED TO BE COMPLETED DURING Q1 FY 2019-20 Source text for Eikon: Further company coverage:

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