What to watch. ₹170-crore capex may help NOCIL

NOCIL on Thursday said its board of directors has approved the expansion of capacities of rubber chemicals and their intermediates at the company’s plants at Navi Mumbai and Dahej. The company will invest ₹170 crore, largely through internal accruals, and the project is likely to be completed by the end of September 2018. For September-December 2016, the company had posted a profit of ₹25.47 crore on revenues of ₹177.32 crore.