Announced Mon, 29 Jun · 14:45 IST
DACL subsidiary to buy 50-acre land in Kakinada for new chemical plant
Capex & Operations View source PDF
DIAMINESQ · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹240.00
prior close
₹238.00
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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.