DACL Fine Chem Limited signed a binding term sheet on June 29, 2026, with Kakinada SEZ Limited to buy about 50 acres at Auro Industrial Park, Kakinada.
The land is intended for a new chemical plant, with definitive terms still to be negotiated and executed separately.
The term sheet is valid until June 30, 2027; the filing says the transaction is not a related-party transaction.
The BSE filing said the land consideration is split into Tranche 1 and Tranche 2, excluding stamp duty and registration fees, with the second tranche subject to final measurement. The filing described DACL Fine Chem Limited as a wholly owned subsidiary, but did not name the parent entity in the supplied disclosure text.
According to the filing, the seller is Kakinada SEZ Limited. It also said the transaction does not fall within related-party transactions, and an arm’s-length assessment is therefore not applicable.
For chemical manufacturers and sourcing teams tracking industrial project pipelines in India, the disclosure marks a land-acquisition step rather than an operating-capacity update. The definitive agreement remains the next formal stage before the proposed plant project can move beyond the term-sheet phase.
ALCHEMPro News Desk
