Ascent Meditech to invest Rs 100 crore in greenfield Gujarat plant

Private equity-backed firm is also looking at capital market for funds

Consumer health products company Ascent Meditech has planned to invest Rs 100 crore in a greenfield manufacturing plant in South Gujarat.

The plant spread over 12 acres of land is proposed to become operational in the second week of May 2020, company’s vice president (sales and marketing) Rakesh Kumar told Business Standard here on Tuesday.

After the commissioning of the plant, the manufacturing capacity of Ascent Meditech will increase by more than three times from 40,000 to 140,000 units per day. At present, Ascent operates five manufacturing units at Silvassa in the union territory of Dadra and Nagar Haveli with installed capacity