DACL Fine Chem to Invest ₹500 Crore in Specialty Chemicals Unit at Kakinada SEZ
The Kakinada Special Economic Zone Limited (KSEZ) has signed a Memorandum of Understanding (MoU) with Gujarat-based DACL Fine Chem, a subsidiary of Diamines and Chemicals Limited, for setting up a chemicals manufacturing facility. The unit will be built on a 50-acre campus with an estimated investment of ₹500 crore within the KSEZ.
The project aims to produce high-value specialty chemicals for both domestic and international markets. It is expected to create direct and indirect employment opportunities for local communities.
KSEZ Limited Managing Director & CEO Ram Reddy Ojili and Amit Mehta, Chairman of DACL Fine Chem Limited, signed the agreement in Hyderabad on June 29.
In an official statement, Mr. Ram Reddy said the project would position Kakinada as a preferred destination for specialty chemicals and advanced manufacturing industries.
The KSEZ spans nearly 6,000 acres along the Kakinada coast. The park is being developed to accommodate sectors such as chemicals, pharmaceuticals, food processing, engineering, and clean energy.
DACL Fine Chem Limited manufactures specialty chemicals, chemical intermediates, and performance chemicals.
