Divis Laboratories plans to set up 3rd manufacturing site

Near Kakinada in Andhra Pradesh

Divis Laboratories announced that the Company is considering setting up a third manufacturing site to augment capacities besides derisking its business. The Company made an application to the Govt. of Andhra Pradesh for allotment of land near Kakinada and the Company is awaiting favourable response. The Company proposes to make an initial investment of Rs. 500 crore on this facility.

Powered by Capital Market - Live News