Alkem Laboratories has announced that its Board of Directors has approved the establishment of a new manufacturing block at its existing facility in Baddi, Himachal Pradesh. The company will be investing up to ₹75 crores in this expansion. This move is expected to enhance the company’s production capabilities and support its future growth strategies.
Manufacturing Expansion Approved
Alkem Laboratories Limited has received board approval to set up a new manufacturing block at its existing facility. The chosen location for this expansion is Baddi, Himachal Pradesh, a strategic site for the company’s operations. This development signifies a commitment to increasing production capacity and bolstering the company’s manufacturing infrastructure.
Significant Investment for Growth
The Board of Directors has sanctioned an investment of up to INR 75 crores for this project. This substantial capital expenditure is earmarked for the construction and commissioning of the new block, which is expected to contribute to the company’s long-term growth trajectory. Further details regarding the project timeline and its anticipated impact on production volumes will be made available in due course.
A copy of this disclosure has been made available on the Company’s website.
Source: BSE
