DACL Fine Chem Ltd to acquire freehold land at Auro Industrial Park

Diamines and Chemicals Limited's Wholly Owned Subsidiary ("WOS"), DACL Fine Chem Limited, has signed a Binding term sheet on June 29, 2026 with Kakinada SEZ Limited to purchase freehold Industrial land of approx. 50 acres situated at Auro Industrial Park, to set up new chemical plant. This Binding Term Sheet is valid till June 30, 2027 and the final definitive agreement shall be separately negotiated and executed.
The consideration will be paid in tranches i.e., ₹ 28 crores for Tranche 1 land and ₹ 12 crores for Tranche 2 land (subject to final measurement), excluding stamp duty and registration fees.

Shares of DIAMINES & CHEMICALS LTD. was last trading in BSE at Rs. 240.35 as compared to the previous close of Rs. 240.75. The total number of shares traded during the day was 745 in over 26 trades.

The stock hit an intraday high of Rs. 241.00 and intraday low of 236.00. The net turnover during the day was Rs. 177503.00.

Source : Equity Bulls

Keywords

DIAMINESandCHEMICALS INE591D01014 SpecialtyChemicals DACLFineCHem TermSheet KakinadaSEZ AuroIndustrialPark NewChemicalPlant IndustrialLand