Divis Laboratories plans Rs 500-cr facility in Andhra Pradesh

Divis Laboratories Ltd, a manufacturer of active pharmaceutical ingredients (APIs) & intermediates, is planning to invest Rs 500 crore to set its third manufacturing facility in the country. “The company is considering setting up a third manufacturing site to augment capacities besides de-risking its business. The company proposes to make an initial investment of Rs 500 crores on this facility,” said Divis Laboratories Ltd in a BSE filing.
 
Divis Laboratories has made an application to the government of Andhra Pradesh for allotment of land near Kakinada for the new facility. “The company is awaiting favourable response,” said Divis.

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Divis Laboratories, which established its first manufacturing facility in 1995, has two manufacturing facilities in Hyderabad (Telangana) and Visakhapatnam (Andhra Pradesh). The company’s Hyderabad plant comprises of 13 multi-purpose production blocks, while its second manufacturing facility at Visakhapatnam has 14 production blocks.