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.