Alkem Laboratories has received land allotment in Ujjain to establish a greenfield formulations manufacturing plant. The company’s board has approved an investment of up to INR 533 crores, to be deployed in phases, marking a significant expansion in its production capabilities.
Alkem Laboratories Limited has announced a major step in its growth strategy with the allotment of 30 acres of land in Ujjain, Madhya Pradesh. The move underscores the company’s commitment to expanding its manufacturing footprint and strengthening its formulations business.
Strategic Expansion In Ujjain
The allotment, granted by DMIC Vikram Udyogpuri Limited, is part of Phase-2 of the industrial area development in Ujjain. This facility will serve as a greenfield project, enabling Alkem to scale up production and meet rising demand in domestic and international markets.
Investment Commitment
The board has approved an investment of up to INR 533 crores, to be infused in a phased manner. This capital deployment highlights Alkem’s long-term vision to enhance operational efficiency and reinforce its position in the pharmaceutical sector.
Key Highlights
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Land allotment of 30 acres in Ujjain
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Greenfield formulations manufacturing facility planned
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Investment of INR 533 crores approved
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Phased capital deployment strategy
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Part of DMIC Vikram Udyogpuri Phase-2 industrial area
Sources: Company disclosure to NSE and BSE