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NOCIL Ltd.

BSE: 500730 Sector: Industrials
NSE: NOCIL ISIN Code: INE163A01018
BSE LIVE 15:41 | 16 Oct 171.75 3.80
(2.26%)
OPEN

169.90

HIGH

173.75

LOW

167.35

NSE 15:52 | 16 Oct 171.80 3.85
(2.29%)
OPEN

169.30

HIGH

174.00

LOW

167.30

OPEN 169.90
PREVIOUS CLOSE 167.95
VOLUME 364320
52-Week high 175.40
52-Week low 60.00
P/E 24.33
Mkt Cap.(Rs cr) 2,823
Buy Price 0.00
Buy Qty 0.00
Sell Price 170.95
Sell Qty 375.00
OPEN 169.90
CLOSE 167.95
VOLUME 364320
52-Week high 175.40
52-Week low 60.00
P/E 24.33
Mkt Cap.(Rs cr) 2,823
Buy Price 0.00
Buy Qty 0.00
Sell Price 170.95
Sell Qty 375.00

NOCIL Ltd. (NOCIL) - Company History

NOCIL Ltd is India's largest manufacturer and supplier of rubber chemicals. The company is known for product their quality customer services and commitment to environmental care. The company is a part of Arvind Mafatlal Group of Industries a well-known Business House in India with diversified business interests.The company is engaged in the manufacturing and sale of rubber chemicals. They are having their manufacturing facilities in the TTC industrial area Thane and ancillary manufacturing facilities in the GIDC industrial area Vapi. They offer a range of rubber chemicals such as PILFLex which is a rubber anti-degradant PILnox which is a rubber antioxidant PILcure which is a rubber accelerator and PILGarD which is a rubber pre-vulcanization inhibitor. Their subsidiaries include Ensen Holdings Ltd Urvija Investments Ltd and PIL Chemicals Pvt Ltd.NOCIL Ltd was incorporated in the year 1961 as National Organic Chemical Industries Ltd. In the year 1968 the company commenced their production of petrochemicals at NOCIL in technical collaboration with the Royal Dutch Shell Group. Polyolefins Industries Ltd was incorporated in the year 1964 which produced polymers in technical collaboration with Farbwerke Hoechst AG West Germany. In the year 1981 MINDIA Chemicals Ltd which produced rubber chemicals merged with Polyolefins Industries Ltd. In the year 1993 Polyolefins Industries Ltd merged with company for synergy of operations. Also the company became an Indian company under Arvind Mafatlal Group upon withdrawal of Shell from the company and Hoechst from Polyolefins Industries Ltd. Rubber Chemicals Business operates as NOCIL-RCDIn the year 1995 NOCIL-RCD consolidated their position as an important supplier of rubber chemicals in the global market. In the year 2002 the company decided to close down their Petrochemicals Division due to uneconomical and unviable operations on account of their sub-optimal capacity. During the year 2005-06 as per the scheme of arrangement the net current assets of the Plastic Products Division have been transferred to RELPOL Plastics Products Ltd (formerly known as NOCIL Petrochemicals Ltd a business associate of Reliance Industries Ltd) with effect from July 20 2005.During the year 2006-07 the company acquired the entire shareholding of PIL Chemicals Pvt Ltd (formerly known as Sushripada Plastics Pvt Ltd) for Rs 19.50 crore. Thus PIL Chemicals Pvt Ltd became a wholly owned subsidiary of the company. PIL Chemicals has a factory in Vapi (Gujarat) which manufactures some of the products required by the company. Also the company acquired 60 acre plot of land at Dahej near Bharuch in the designated chemical zone of Gujarat Industrial Development Corporation to take care of their future expansion plans.During the year 2007-08 the name of the company was changed from National Organic Chemical Industries Ltd to NOCIL Ltd with effect from September 14 2007. The company's new project at Dahej in Gujarat is progressing well.During 2011 the company has got assignment of Registered Trademark MONOCIL. In 2013 the company commenced production at its new Greenfield Plant at Dahej.