Anil Bioplus Limited, a part of the Ahmedabad-based Rs 1,000-crore Anil Group of companies, is all set to infuse Rs 150 crore for setting up a manufacturing facility at Halol near Vadodara.
The greenfield facility will manufacture a range of enzymes and bio-chemical products.
The company has already acquired the land for this project and work will begin from November 2012. This project will enhance the capacities of Anil Bioplus’ existing product line and augment its products range with the addition of new enzymes and varieties of gluconates.
By using the most sophisticated fermentation facilities with downstream processing, the company will be engaged in the production of hi-tech active pharma ingredients (APIs), specialty enzymes for food, pharmaceutical and beverages industries.
These products will be over and above the existing product basket of its gluconates and enzymes and will cater to both the domestic as well as the international markets.
"This new facility will have modern research and development (R&D) facility, which will focus on pure research, process development and application development. On completion of this project, Anil Bioplus is expected to achieve a turnover of Rs 400 crore in three years," said Amol S. Sheth, chairman, Anil Bioplus Limited.