Business Standard

Fermenta Biotech (subsidiary of DIL) leases land from GIDC for expansion and new projects

Image

Capital Market
DIL's subsidiary, Fermenta Biotech (FBL), a leading global manufacturer and supplier of Vitamin D3 (Cholecalciferol) has executed a 99 year lease agreement for acquisition of land aggregating to about 40,000 Sq M from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar, Sayakha, for future expansion and new projects.

The land acquisition is a part of the FBL's long-term capacity expansion plans. The company aims to commence manufacturing by end of 2020. The existing Dahej facility is 30,689 Sq M.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 23 2019 | 6:15 PM IST

Explore News