Fermenta Biotech (subsidiary of DIL) leases land from GIDC for expansion and new projects
Capital MarketDIL's subsidiary, Fermenta Biotech (FBL), a leading global
manufacturer and supplier of Vitamin D3 (Cholecalciferol) has executed a 99 year lease agreement for acquisition of land aggregating to about 40,000 Sq M from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar, Sayakha, for future expansion and new projects.
The land acquisition is a part of the FBL's long-term capacity expansion plans. The company aims to commence manufacturing by end of 2020. The existing Dahej facility is 30,689 Sq M.
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