DACL Fine Chem, a subsidiary of Diamines and Chemicals Limited, has signed a Memorandum of Understanding (MoU) with Kakinada Special Economic Zone Limited (KSEZ) to establish a specialty chemicals manufacturing facility in Andhra Pradesh. The project entails an estimated investment of 500 INR-Crore. It will be developed on an anticipated 50 Acres site within KSEZ. The agreement was signed in Hyderabad by representatives of KSEZ and DACL Fine Chem.
The DACL Fine Chem KSEZ project will manufacture high-value specialty chemicals for domestic and international markets. The facility will support the production of specialty chemicals, chemical intermediates and performance chemicals. KSEZ spans nearly 6,000 Acres along the Kakinada coast. The industrial park is being developed for chemical, pharmaceutical, food processing, engineering and clean energy industries.
Also Read: Tata Power receives LoI for Karnataka transmission project
The DACL Fine Chem KSEZ project will strengthen specialty chemical manufacturing infrastructure in Andhra Pradesh. Additionally, the investment will expand industrial activity within KSEZ and support the development of advanced manufacturing facilities. Consequently, the project will generate direct and indirect employment opportunities in the region.
Biltrax Construction Data is tracking 38,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
