DACL
Fine Chem Limited has signed a Memorandum of Understanding (MoU) with Kakinada
SEZ Limited to establish a specialty chemicals manufacturing facility on 50
acres in Kakinada SEZ with a proposed investment of ₹500 crore.
The MoU
was signed by Mr. Ram Reddy Ojili, Managing Director & CEO,
Kakinada SEZ Limited, and Mr. Amit Mehta, Chairman, DACL Fine Chem
Limited, in the presence of senior officials from both organizations.
Kakinada
SEZ welcomed DACL Fine Chem Limited as its newest investor with the
proposed establishment of a ₹500 crore specialty chemicals manufacturing
facility on 50 acres within the SEZ.
The
project is expected to manufacture high-value specialty chemical products for
domestic and international markets while creating significant direct and
indirect employment opportunities in the region.