MoneyWorks4Me

Divis Laboratories to set-up third manufacturing site in Andhra Pradesh

02 Feb 2015 Evaluate

Divis Laboratories is considering setting up a third manufacturing site to augment capacities besides de-risking its business. The company made an application to the Government of Andhra Pradesh for allotment of land near Kakinada and the company is awaiting favourable response. The company proposes to make an initial investment of Rs 500 crore on this facility.

Divis Laboratories, together with its subsidiaries, engaged in the manufacture and sale of active pharma ingredients (APIs) and intermediates for the pharmaceutical industry in India and worldwide.

Peers
Company Name CMP
Sun Pharma. Inds. 1759.10
Dr. Reddys Labs. 1230.50
Cipla 1313.70
Lupin 1946.00
Zydus Lifesciences 1139.00
View more..