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videos | IST

Moneycontrol Pro Ideas For Profit: Here’s why NOCIL is in focus

Rubber chemical company NOCIL continues to ramp-up capacity utilisation of the expanded facility and benefit from the import substitution play. This volume-focused strategy has helped the company in gaining market share even though rubber consumption has de-grown last calendar year. In the special segment of ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Anubhav Sahu gets more details on the company’s performance, going forward.

Rubber chemical company NOCIL continues to ramp-up capacity utilisation of the expanded facility and benefit from the import substitution play.
This volume-focused strategy has helped the company in gaining market share even though rubber consumption has de-grown last calendar year.
Since January 2021, supply-demand equation has balanced out and so the company has been able to fetch better realisations in the quarter gone by.
The company has commissioned its last phase of mega capex project, which raises its total capacity to 1,10,000 tonne.  It is expected that the new capacity will add at least 10 percent volume growth per annum in the medium term.
In the special segment of ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Anubhav Sahu gets more details on the company’s performance, going forward.
Watch the video for more.
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