Who owns nocil plant at ghansoli new mumbai .This question relates to main nocil plant at thane belapur road not RCD plant at pawne formerly mindia and later pil before merger.
About: Company: NOCIL Ltd.
Reliance Associate signs MoU with NOCIL
to take over Petrochemicals and Plastics Products divisions
January 7, 2004: Sunbright, a business associate of Reliance, has signed a Memorandum of Understanding (MoU) with National Organic Chemicals Industries Limited (NOCIL) to take over its Petrochemicals and Plastics Products Divisions.
Under this proposal, the assets of NOCIL's Petrochemical Division, certain liabilities of the Company, and the business and undertaking of the Plastic Products Division as a going concern basis will be demerged from NOCIL and will be vested in Nocil Petrochemicals Limited (NPL), a wholly owned subsidiary of NOCIL. Sunbright will invest in equity of NPL after the process of demerger is completed.
The board of directors of NOCIL at its meeting held today has approved the restructuring proposal and the offer of Sunbright. NOCIL will be shortly filing ...more