Makers Laboratories new unit dispatches first consignment; stock climbs 5%

The new unit is located at GIDC, Naroda Ahmedabad.

Feb 02, 2021 01:02 IST India Infoline News Service

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Makers Laboratories has informed the exchanges that its new unit in Ahmedabad has sent out its first consignment.

In a regulatory filing, the company said that its opthalmic/eye drops manufacturing facility at GIDC, Naroda, Ahmedabad has been set up at a capital outlay of about Rs15cr.

The GIDC unit has also dispatched its first commercial consignment after completing all the necessary qualifications and validations of the manufacturing facility and the products.

The company's shares climbed 4.99% to trade at Rs285.20 apiece on the BSE at around 1:23 PM.

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