Laurus Labs has received 531.77 acres of land in IP Rambilli Phase-II of Anakapalli from Government of Andhra Pradesh for establishment of Laurus Pharma Zone (LPZ) for setting up of manufacturing units for Pharma products.
The company has projected Rs 5,630 crore of investment and to provide employment to 6,350 people in three phases over a period of eight years. With this allotment, the company has secured an important component for future expansion of its business i.e., land parcel.
Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of APIs for anti-retroviral (ARV) and Hepatitis C. It also manufactures APIs in oncology and other therapeutic areas.
