DACL Fine Chem to set up new chemical plant at Auro Industrial Park

The company signed binding term sheet to purchase a freehold Industrial land of approximately 50 acres situated at Auro Industrial Park

DACL Fine Chem, a wholly owned subsidiary of Diamines and Chemicals, has signed a binding term sheet on June 29, 2026 with Kakinada SEZ Ltd. to purchase a freehold Industrial land of approximately 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. Diamines and Chemicals Ltd. will pay Rs. 28 crores for Tranche 1 land and Rs. 12 crores for Tranche 2 land (subject to final measurement), excluding stamp duty and registration fees.

Diamines and Chemicals has been a sole manufacturer of Ethyleneamines in Indian subcontinent for more than two decades. This plant has been set up with a total indigenous R&D and expertise and is placed among the select band of 6 to 8 companies worldwide who have proprietary technology for the manufacturing of Ethyleneamines.

With the addition of new facilities in subsequent year, the company added two more products to its earlier product range. By including Piperazine Anhydrous and Piperazine solution and has become one of the dominant suppliers of Piperazine to pharmaceutical and gas sweetening application industries.

Further, the company has augmented facilities for Ethyleneamines homologues, required by various end users. Diamines is catering to a large cross-section of Indian manufacturing Industry spread across a wide spectrum of actual users: from Bulk Drugs (Quinolones, Antihistamines) to Fungicide – Insecticide, Polyamide resins, Gas Sweetening, Chelants, Textile Auxiliaries, Water Treatment Chemicals, Paints and Adhesives, Chemical Syntheses, and Lube Oil Additives.