Divi's Lab to construct a new facility in Andhra Pradesh with an investment of Rs1,500cr

The Company will be investing about Rs1,500cr out of its internal accruals in phased manner for the implementation of its Unit III facility.

Dec 01, 2020 04:12 IST India Infoline News Service

Divi's Laboratories intimated the exchanges on Tuesday, that the company has commenced the construction of a new facility.

The project is for the construction of Unit III Facility at Kona Forest in the East Godavari District, Andhra Pradesh.

The construction start on December 7, 2020.

The Company will be investing about Rs1,500cr out of its internal accruals in phased manner for the implementation of its Unit III facility.

The operations are likely to commence within 12 to 18 months for 1st phase of the Project.

All the requisite licenses have been granted by the Government of India and Government of Andhra Pradesh for implementation of the Project, informed the company.

Divi's Lab ended at Rs3,615 per piece up by Rs7.4 or 0.21% from its previous closing on the BSE.

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