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NOCIL Ltd

NSE: NOCIL BSE: 500730

₹168.85

(1.32%)

Tue, 06 Oct 2026, 08:15 pm

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Company History

1961

  • The Company was incorporated on 11th May at Mumbai.
  • The Company started manufacturing various organic and inorganic chemicals.

1964

  • The Company entered into technical collaboration agreements with Royal Dutch/Shell Group and Universal Oil Products Co.
  • Engineering agreements were signed with Bataafse Internatioinale Chemie Matschappij N V and Stone and Webster Engineering Corporation.

1965

  • 4,00,000 shares were subscribed for by foreign collaborators.
  • 3,39,899 shares were subscribed for by Mafatlal Group and associates.
  • 4,60,000 shares were offered at par to the public.

1967

  • Shares were fully called-up.
  • 381 shares were forfeited.

1969

  • 381 forfeited shares were reissued.

1975

  • 6,00,000 Bonus shares were issued in prop. 1:2.

1979

  • The Company set up a project for the manufacture of technical organo-phosphates.

1980

  • 6,00,000 Bonus shares were issued in prop. 1:3.

1984

  • The Company received a Letter of Intent for the manufacture of phosphamidon and DDVP.
  • The Company submitted an application for the manufacture of sulphonates and sulphates.

1985

  • The Company obtained sanction to manufacture hydroxyl terminated polybutadiene in collaboration with Indian Space Research Organisation.

1986

  • 12,00,000 Bonus equity shares were issued in prop. 1:2.

1987

  • Ensen Holdings Private Limited became a subsidiary of the Company.

1988

  • The Company's programme for modernisation and substantial expansion of its ethylene capacity received locational and environmental clearance.

1991

  • Operations at Thane were affected for three weeks in June due to unprecedented heavy rainfall.
  • The Company received approval for foreign collaboration agreements.
  • The Company received necessary approvals for production of hybrid seeds.

1992

  • The Royal Dutch/Shell group decided to withdraw as a shareholder from NOCIL.
  • The shutdown of the Thane complex and interruption in power supply affected the operations of petrochemicals unit.
  • The R&D Unit undertook development of PVC and thermo plastic rubber compounds.

1993

  • The Ethylene pipeline from IPCL's plant at Nagothane to petrochemicals plant at Thane was commissioned.
  • The Company entered into a joint venture agreement with Dowelanco Agricultural Products Ltd.
  • A Research group was set up to synthesis novel molecules.
  • The Company commercialised the process know-how obtained from Regional Research Laboratories.
  • Polyolefins Industries Ltd was amalgamated with the Company.
  • Urvija Investments Ltd became a subsidiary of the company.

1994

  • New speciality grades of HDPE were successfully introduced in the local market.
  • The Company proposed to modernise the Naphtha cracker plant to increase the Ethylene capacity.

1995

  • 6,13,02,850 bonus equity shares were issued in prop. 1:1.

1996

  • Drip irrigation systems for high value horticulture products were successfully introduced.

1997

  • The Company commissioned a new blow moulding plant for the manufacture of L-ring drums and large capacity containers.
  • Indian Petrochemicals Corporation Ltd and Infosys Technologies Ltd signed agreements with National Securities Depository Ltd for dematerialisation.
  • Dow Chemicals emerged as the front-runner to acquire a majority stake in the petrochemical joint venture with National Organic Chemicals company.

1998

  • The company received certification for the quality management system for all its divisions.
  • A memorandum of understanding was signed between Mafatlal Industries, Shell, Montell and Nocil for the setting up of a new project.

1999

  • The Arvind Mafatalal-group controlled Nocil launched an attractive voluntary-retirement scheme at its petrochemicals and polymer division.
  • National Organic Chemical Industries Ltd shut down its poly vinyl chloride plant at Thane.
  • National Organic Chemicals Ltd informed the Bombay Stock Exchange that its petrochemicals plant was shut down.

2002

  • Nocil has been shut down due to financial problems.
  • The Commissioner of Labour granted permission to the Company to close down the Petrochemicals Division under Section 25-O of the Industrial Disputes Act, 1947.

2004

  • NOCIL Board approves Financial Restructuring Proposal.
  • NOCIL signs a MoU with Reliance Industries Ltd to sell its petrochemical and plastics products division.

2006

  • National Organic Chemical Industries Ltd has appointed Mr. C L Jain as an Additional Director of the Company.

2007

  • National Organic Chemical Industries Ltd has appointed Mr. Dhanajay Mungale as an Additional Director on the Board of Directors.
  • Company name has been changed from National Organic Chemical Industries Ltd to NOCIL Ltd.

2008

  • Nocil Limited has appointed Mr. V. K. Gupte as a Company Secretary.

2009

  • NOCIL Ltd has recommended dividend at Re 0.60 per Equity Share of Rs 10/- each.

2010

  • NOCIL Ltd has recommended dividend at Re 0.60 per Equity Share of Rs 10/- each.
  • Mr. Pradeep Vasudeo Bhide has been appointed as Additional Director of the company.

2011

  • NOCIL assigned the Registered Trademark MONOCIL.

2012

  • NOCIL Ltd has recommended a dividend at Re. 0.60 per Equity Share of Rs. 10/- each.

2013

  • NOCIL commenced production at its new Greenfield Plant at Dahej.

2014

  • NOCIL Ltd has recommended a dividend at Re. 0.60 per Equity Share of Rs. 10/- each.

2017

  • NOCIL gains on getting nod for expansion of capacities at Navi Mumbai, Dahej.

2018

  • The Company has received award from Indian Chemical Council for development of Indigenous Technology.

2019

  • Commencement of Trial Production of Phase II of Expansion at Dahej.
  • The Company has been conferred the ICC Award for Excellence in Management of Environment for the year 2018 for its plant at Dahej, Gujarat.