DACL subsidiary to buy 50-acre land in Kakinada for new chemical plant

Capex & Operations View source PDF Explain this filing

DIAMINESQ · price

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Price reactionminutes from the announcement price · days from the prior close

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₹240.00

prior close

₹238.00

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

Specialty Chemicals peers, median of 96sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 96Pending

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AI summary

Diamines & Chemicals' wholly owned subsidiary DACL Fine Chem has signed a binding term sheet to buy about 50 acres of freehold land at Auro Industrial Park, Kakinada, Andhra Pradesh from Kakinada SEZ Limited, for a new chemical plant. Land cost is about Rs 28 crore for Tranche 1 and Rs 12 crore for Tranche 2 (around Rs 40 crore total), excluding stamp duty. Term sheet valid till June 30, 2027; final agreement to follow.

Likely market impact

Sets up future growth via new chemical plant; involves about Rs 40 crore land capex. Positive for long-term expansion.