Published On:December 19 2023
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"DACL Fine Chem Ltd Granted Consent to Establish (CTE) by GPCB for Proposed New Plant"

In a significant development, DACL Fine Chem Limited, a wholly-owned subsidiary of Diamines and Chemicals Limited, has achieved a crucial milestone by receiving Consent to Establish (CTE) from the Gujarat Pollution Control Board (GPCB). The approval, granted on December 18, 2023, pertains to the proposed plant for Formulation Chemicals and Lithium-based derivatives, to be established within the premises of M/s. DACL Fine Chem Limited at Plot No. D-II-E-16, Dahej-II Industrial Estate, Tal.: Vagra, Dist.: Bharuch.

The CTE approval marks a key regulatory step for DACL Fine Chem Limited, signaling a green light for the establishment of the new plant. The proposed facility is expected to contribute to the production of formulation chemicals and lithium-based derivatives, aligning with the company's strategic objectives and expanding its capabilities in the chemical industry.

This approval underscores DACL Fine Chem Limited's commitment to adhering to environmental regulations and obtaining the necessary clearances for its proposed expansion. The company aims to leverage its expertise and resources to enhance its product offerings in the formulation chemicals and lithium derivatives segment, contributing to the growth of the chemical industry in the region.

The location of the proposed plant in Dahej-II Industrial Estate, Bharuch, strategically positions DACL Fine Chem Limited to capitalize on the industrial ecosystem and further strengthen its presence in the chemical manufacturing sector. With the receipt of the CTE from GPCB, DACL Fine Chem Limited is poised to advance its plans for the new plant, contributing to the economic and industrial development of the region.

EQUITYBULLS





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